William Blair analyst Jake Roberge has maintained their neutral stance on JAMF stock, giving a Hold rating on November 3.
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Jake Roberge has given his Hold rating due to a combination of factors surrounding Jamf Holding’s current market situation. The company reported a strong third-quarter performance with revenue and EBITDA surpassing consensus estimates, indicating solid operational execution. However, the absence of a conference call and lack of guidance for the upcoming quarter and full year 2025 due to the pending acquisition by Francisco Partners introduces uncertainty.
Additionally, Jamf’s trading valuation at 9.6 times the 2026 free cash flow estimate is lower compared to its SaaS industry peers, which trade at 14.6 times. This valuation discrepancy, along with the anticipated acquisition, suggests limited upside potential for the stock in the near term. Key risks such as competitive pressures and broader economic challenges further support the Hold rating, as these factors could impact future performance.
In another report released on November 3, J.P. Morgan also downgraded the stock to a Hold with a $13.00 price target.