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On Wednesday, JMP Securities analyst Joey Marincek reaffirmed a Market Outperform rating for Jamf Holding Corp. (NASDAQ: NASDAQ:JAMF), with a steady price target of $27.00. Currently trading at $10.47, InvestingPro analysis suggests the stock is undervalued. This confirmation follows Jamf’s recent announcement of acquiring a $400 million incremental term loan facility. The agreement, dated May 21, 2025, amends the company’s previous credit arrangement from May 3, 2024, and is set to reach maturity on May 3, 2029.
Marincek’s decision to maintain the rating and price target comes after Jamf Holding Corp.’s shares have seen a 25% decline year-to-date (YTD). With a market capitalization of $1.38 billion and impressive gross profit margins of nearly 80%, the company maintains strong fundamentals despite the stock decline. This drop contrasts with the broader market performance, as indicated by the Russell 3000 index, which has remained approximately flat YTD.
Jamf Holding Corp., which specializes in Apple (NASDAQ:AAPL) enterprise management, entered into the amended credit agreement to secure additional financial flexibility. The term loan facility is expected to contribute to the company’s long-term strategic goals. InvestingPro subscribers can access detailed financial health metrics and exclusive ProTips to better understand the impact of this debt financing on the company’s future prospects.
The reaffirmation of the Market Outperform rating indicates JMP Securities’ continued confidence in Jamf’s business model and market position, despite the stock’s recent underperformance compared to the general market.
Investors and market watchers will be keeping an eye on Jamf’s financial performance and strategic initiatives moving forward, as the company aims to leverage the new term loan facility to strengthen its operations and market presence.
In other recent news, Jamf Holding Corp. reported first-quarter 2025 earnings that exceeded expectations, leading to an upward revision of its annual forecast. This positive result was largely driven by higher-than-expected revenue from sectors such as Healthcare, Financial Services, and Education. The company’s acquisition of Identity Automation, completed in April 2025, is anticipated to significantly boost revenue and margins, especially in the Education sector. JPMorgan has maintained an Overweight rating on Jamf with a price target of $15.00, highlighting the potential for further growth if the acquisition successfully expands into higher-value sectors like Healthcare or Retail.
In a strategic move, Jamf announced the acquisition of Identity Automation for approximately $215 million, aiming to enhance its cybersecurity offerings. Needham reiterated its Buy rating with a $25.00 price target, viewing the acquisition as a strategic expansion into markets such as retail and transportation. Meanwhile, Mizuho (NYSE:MFG) maintained an Outperform rating with an $18.00 target, expecting immediate positive impacts on revenue and operating income.
In board-related developments, Jamf announced that two directors, Virginia Gambale and Charles Guan, will not stand for re-election at the upcoming annual meeting. This change is being closely monitored by investors due to potential impacts on the company’s governance. Despite macroeconomic challenges, Jamf remains committed to achieving the Rule of 40 by the end of 2026, as indicated by JPMorgan’s revised earnings estimates and price target adjustments.
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