Mizuho analyst Gregg Moskowitz has revised the price target for Jamf Holding (JAMF, Financial), reducing it from $18 to $15 while maintaining an "Outperform" rating on the stock. This adjustment is part of a broader analysis of the large-cap software sector as firms prepare to report Q1 results.
The analyst notes that despite solid checks for the quarter, driven by strong demand in cybersecurity and increased adoption of generative artificial intelligence, there are mixed signals from public cloud and consumption data. These factors contribute to an uncertain outlook as the sector heads into Q2.
Mizuho anticipates that revenue forecasts for the second quarter across the industry will be highly volatile, or "very choppy." The reduction in price targets reflects recent significant shrinkage in comparable multiples and signals growing concerns over the risk of an economic downturn.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Jamf Holding Corp (JAMF, Financial) is $19.30 with a high estimate of $27.00 and a low estimate of $15.00. The average target implies an upside of 73.72% from the current price of $11.11. More detailed estimate data can be found on the Jamf Holding Corp (JAMF) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Jamf Holding Corp's (JAMF, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Jamf Holding Corp (JAMF, Financial) in one year is $23.79, suggesting a upside of 114.13% from the current price of $11.11. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Jamf Holding Corp (JAMF) Summary page.
