Jamf Holding initiated with an Overweight at JPMorgan

JPMorgan initiated coverage of Jamf Holding (JAMF) with an Overweight rating and $20 price target The company is well positioned to benefit from increasing adoption of Apple (AAPL) devices in enterprises as the leading technology solution in relation to device management and security, the analyst tells investors in a research note. The firm says that while the headwinds in relation to slower enterprise hiring as well as slower spending towards device management have in the last few years driven a deceleration in Jamf’s growth, a normalization in the macro environment will lead to stabilization of revenue growth in fiscal 2025, followed by a reacceleration in 2026.