Jamf Holding Corp. (JAMF) PT Raised to $23 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on Jamf Holding Corp. (NASDAQ: JAMF) to $23.00 (from $21.00) while maintaining a Outperform rating.

The analyst comments "Jamf delivered solid results highlighted by +14% ARR growth and +15% revenue growth and 1,000 bps of operating margin leverage. Following the estimate reset last quarter, we think results were a consistent, good first step as key drivers are tracking as expected. While macros remain a headwind, the company continues to innovate and remains well-positioned for the replacement cycle. CY/24 guidance assumptions still appear prudent while we look for revenue to accelerate in CY/25-26. We maintain our OP rating and increase our PT to $23 from $21 on solid execution."

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