William Blair analyst Jake Roberge has maintained their bullish stance on JAMF stock, giving a Buy rating today.
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Jake Roberge has given his Buy rating due to a combination of factors, including Jamf Holding’s impressive second-quarter performance that exceeded expectations across key metrics. The company achieved a notable 15% revenue growth, surpassing the anticipated 10%, with significant contributions from its acquisition of Identity Automation. Even without this acquisition, Jamf’s revenue beat would have been its largest in two years, showcasing strong organic growth.
Furthermore, Jamf is experiencing robust demand in its mobile business, driven by advancements in desk-less workflows and new Android capabilities. The company’s strategic restructuring to focus on enterprise customers and enhance AI capabilities is expected to streamline operations and drive future growth. With a promising outlook and a strategic shift towards a rule-of-40 operating model by 2026, Roberge believes Jamf is well-positioned for continued success.
In another report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $15.00 price target.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JAMF in relation to earlier this year.