Positive Outlook for Jamf Holding: Strong Q1 Results, Strategic Initiatives, and Education Sector Demand Drive Buy Rating

David Hynes, an analyst from Canaccord Genuity, maintained the Buy rating on Jamf Holding (JAMF – Research Report). The associated price target remains the same with $19.00.

David Hynes has given his Buy rating due to a combination of factors that indicate a positive outlook for Jamf Holding. The company reported better-than-expected first-quarter results and maintained its full-year guidance, which suggests stability in its financial performance. Additionally, Jamf’s strategic initiatives, such as the launch of new platform solutions like Jamf for Mac and Jamf for K-12, are expected to simplify procurement processes and drive broader platform adoption, contributing to incremental growth.
From a macroeconomic perspective, Jamf is experiencing consistent demand, particularly in the education sector, which remains unaffected by federal budget constraints. The recent acquisition of Identity Automation further strengthens Jamf’s position in the education market by offering enhanced security products. Management’s confidence in achieving the Rule of 40 by 2026, which combines revenue growth and EBITDA margin, underscores their commitment to steady growth and operational efficiency. These factors, combined with the stock’s attractive valuation, underpin Hynes’s Buy rating.

JAMF’s price has also changed moderately for the past six months – from $17.710 to $11.360, which is a -35.86% drop .