William Blair analyst Jake Roberge has maintained their bullish stance on JAMF stock, giving a Buy rating on September 5.
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Jake Roberge has given his Buy rating due to a combination of factors that highlight Jamf Holding’s strategic positioning and growth potential. The company’s recent initiatives, including the launch of new management and security platform offerings, have shown promising demand, particularly among larger enterprises. These offerings, which include annual price escalators, are expected to contribute to Jamf’s revenue growth.
Additionally, Jamf’s focus on expanding its enterprise market presence and increasing international sales capacity, especially in the APAC region, is seen as a positive move. Despite some challenges in the technology and education sectors, Jamf’s leadership in the growing market for Apple devices and its expanding capabilities in the security space are anticipated to drive sustained revenue growth. The stock’s current valuation, trading below its SaaS peers, further supports the Buy rating, although risks such as reliance on Apple and competition remain.
In another report released on September 5, J.P. Morgan also maintained a Buy rating on the stock with a $12.00 price target.