Jamf Holding price target lowered to $12 from $15 at BofA

BofA lowered the firm’s price target on Jamf Holding (JAMF) to $12 from $15 and keeps a Neutral rating on the shares. Jamf announced a Strategic Reinvestment Plan, where it’s reducing headcount by 6.4% and reinvesting the cost reductions in AI initiatives and enterprise go-to-market, the analyst tells investors in a research note. The strategy shift could be a signal that the demand environment remains stagnant, BofA says.