JP Morgan Maintains Overweight Rating on Jamf Holding, Lowers Price Target to $12.00

JP Morgan analyst Samik Chatterjee has maintained an "Overweight" rating for Jamf Holding (JAMF) but lowered the price target to $12.00, down from $15.00. The average target price for JAMF is $17.20, with a high estimate of $27.00 and a low estimate of $12.00, indicating an upside of 108.61% from the current price. The estimated GF Value for JAMF in one year is $23.36, suggesting a potential upside of 183.32% from the current price.

Jamf Holding (JAMF) experienced a 1.61% increase in its stock price, marking a record low intraday decline of 0.99%. Despite recent market volatility, several factors suggest potential stabilization or recovery for the company. Recent positive developments, such as strong billings growth and upward revision of annual guidance for 2025, indicate a solid business foundation and growing demand for Jamf's services. The company's strategic moves, including expansion into Android MDM services and the acquisition of Identity Automation, further position Jamf for long-term growth.

JP Morgan analyst Samik Chatterjee recently adjusted the price target for Jamf shares, lowering it from $15.00 to $12.00 while maintaining an "overweight" rating [2]. This adjustment reflects a cautious yet optimistic outlook for the company. The average target price for Jamf is $17.20, with a high estimate of $27.00 and a low estimate of $12.00, indicating an upside potential of 108.61% from the current price. The estimated GF Value for Jamf in one year is $23.36, suggesting a potential upside of 183.32% from the current price.

Analysts' price targets and insider trading activity provide additional insights into Jamf's stock performance. Multiple analysts have issued price targets for Jamf in the last six months, with a median target of $17.00. Insider trading activity shows that Jamf insiders have sold shares in the past six months, with no purchases recorded. This activity suggests that insiders may be exercising caution, possibly due to broader market uncertainties.

In conclusion, while there may be some short-term volatility, the overall outlook for Jamf Holding Corp. appears positive, with the potential for the stock price to recover and exceed previous levels in the medium to long term. Investors should closely monitor the company's strategic initiatives and financial performance to gauge its long-term prospects.

References:
[1] https://www.ainvest.com/news/jamf-holding-jamf-shares-rally-1-61-jpmorgan-price-cut-2507/
[2] https://www.nasdaq.com/articles/new-analyst-forecast-jamf-given-130-price-target