Analyst Joshua Reilly of Needham maintained a Buy rating on Jamf Holding, retaining the price target of $20.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that indicate a positive outlook for Jamf Holding. After reviewing the company’s Q2 earnings call and conducting further industry analysis, Reilly is optimistic about the new annual recurring revenue (ARR) opportunities and operational enhancements that are expected to improve efficiency.
The company’s strategic initiatives, such as the introduction of a new partner portal, a focus on enterprise market sales, and the integration of AI in product development and customer solutions, are seen as pivotal. These changes are anticipated to enhance margins and reduce stock-based compensation dilution, positioning Jamf Holding for a robust performance through 2025, which could lead to an expansion in its valuation multiples.