Mizuho Lowers Jamf Holding Price Target to $13 from $15, Maintains Outperform Rating.

Mizuho lowered Jamf Holding's price target to $13 from $15 and maintained an Outperform rating. The firm noted strong AI adoption and healthy cybersecurity demand, but slightly more deal pushouts than expected could constrain fundamental upside. Mizuho's favorite stocks ahead of the Q2 earnings print are Cyberark and Microsoft.

Mizuho has reduced its price target for Jamf Holding (JAMF) to $13 from $15, while keeping an Outperform rating on the shares. This adjustment comes as part of the firm's Q2 earnings preview for the software group. Despite the price target reduction, Mizuho remains optimistic about Jamf's prospects, citing strong demand for cybersecurity services and robust AI adoption.

The research note from Mizuho highlights that while the company's Q2 checks were good overall, there was a slight increase in deal pushouts compared to expectations. This could potentially constrain the fundamental upside in the quarter. However, the analyst notes that Jamf's strong billings growth, which accelerated to 12% in the latest quarter, indicates a solid business foundation and positive demand for its services [2].

In addition to Jamf, Mizuho has identified Cyberark (CYBR) and Microsoft (MSFT) as its favorite stocks to own ahead of the Q2 earnings print. Both companies are expected to perform well due to their strong positions in the cybersecurity and software sectors, respectively [1, 3].

Jamf Holding's shares have seen recent fluctuations, with a 1.61% increase followed by a record low intraday decline of 0.99%. Despite these short-term movements, the company's fundamentals suggest resilience. Recent positive developments, such as strong billings growth and an upward revision in annual guidance for 2025, indicate potential stabilization or recovery in the medium to long term [2].

Investors should closely monitor Jamf's strategic moves and growth prospects, as well as broader market conditions, to gauge the stock's performance. While there may be short-term volatility, the overall outlook appears positive, with the potential for the stock price to recover and exceed previous levels in the medium to long term.

References:
[1] https://www.tipranks.com/news/the-fly/jamf-holding-price-target-lowered-to-13-from-15-at-mizuho-thefly
[2] https://www.ainvest.com/news/jamf-holding-jamf-shares-rally-1-61-jpmorgan-price-cut-2507/
[3] https://www.tipranks.com/news/the-fly/microsoft-price-target-raised-to-540-from-500-at-mizuho-thefly