Jamf Holding Corp. (JAMF) PT Raised to $22 at Mizuho

Mizuho analyst Gregg Moskowitz raised the price target on Jamf Holding Corp. (NASDAQ: JAMF) to $22.00 (from $21.00) while maintaining a rating.

The analyst commented: "JAMF reported a solid 1Q, as total ARR growth of 14% Y/Y modestly beat our and Street forecasts. FY24 revenue and operating margin guidance was slightly raised.

While JAMF's business continues to be constrained by macro-related challenges, the 1Q was slightly better than we expected, and the compares get easier over the rest of the year. We also maintain our view that JAMF continues to hold an unparalleled competitive position in providing IT management and security capabilities for Apple devices, and it trades at a CY25E EV/ARR of ~3.5x. We maintain our Buy rating and slightly raise our PT to $22 (was $21)."

You May Also Be Interested In

• Freedom Broker Upgrades PrimeEnergy Resource (PNRG) to Hold
• Deutsche Bank Downgrades Workday (WDAY) to Hold
• B.Riley Downgrades Lantheus Holdings (LNTH) to Neutral