Jamf Holding stock rating reiterated at Market Outperform by JMP

Investing.com - JMP Securities has reiterated its Market Outperform rating on Jamf Holding Corp. (NASDAQ:JAMF) with a price target of $18.00. Currently trading at $10.66, InvestingPro analysis suggests the stock is undervalued, with analyst targets ranging from $10 to $23.

The research firm highlighted Jamf’s position as the leading platform for enterprise Apple management and security solutions, noting the company is expanding to support Android devices, which will allow organizations to manage their entire mobile fleet through a single solution.

JMP pointed to Jamf’s significant market opportunity, estimated at $49 billion, of which approximately $22 billion is currently serviceable. The company currently captures only about $646 million of this potential market.

The firm also noted that Jamf’s acquisition of Identity Automation is yielding positive results, with the company’s CFO attributing part of Jamf’s strong second-quarter performance to solid results from this business segment.

JMP expressed confidence in Jamf’s leadership team and highlighted the 34% ownership stake held by Vista Equity Partners, which acquired its position in 2017 and "may be motivated to navigate this asset to a near-term, value-maximizing outcome."

In other recent news, Jamf Holding Corp. reported its second-quarter 2025 earnings, posting non-GAAP earnings per share of $0.18, which met consensus expectations. The company also reported a non-GAAP operating income of $33.5 million, surpassing the consensus estimate of $30.0 million, with a 19% margin on total revenue. In response to these mixed results, Citizens JMP adjusted its price target for Jamf to $18.00 from $27.00, while maintaining a Market Outperform rating. Meanwhile, Needham also revised its price target to $20.00 from $25.00, citing Jamf’s strategic shift towards the enterprise market and artificial intelligence investments. This strategic reallocation includes a 6.4% reduction in workforce, as announced by Jamf, aiming to enhance long-term growth and operational efficiency. The workforce reduction will mainly impact go-to-market and other functions, with estimated severance-related charges of $11.0 to $12.5 million. Most of these charges are anticipated in the third quarter of 2025, with completion expected by year-end.

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