JAMF Stock Forecast & Price Target

Jamf Holding Corp has strengthened its competitive position through recent product innovations, leading to an improved demand environment, particularly as more customers shift away from Microsoft Intune. The company is poised for revenue growth with projected margins of at least 12% for Q3/25, bolstered by the adoption of its Business Plan, which is expected to increase annual recurring revenue per managed device. With a robust financial profile, including an unlevered free cash flow margin of 25% in FY20 and a forecasted 32% total revenue growth, Jamf is well-positioned for sustainable market share expansion in the enterprise Apple management sector.

Jamf Holding Corporation has experienced a steady decline in organic growth following the initial surge in demand for its products during the COVID-19 pandemic, indicating potential challenges in maintaining momentum in a post-pandemic environment. The company faces significant macroeconomic and competitive threats that could hinder its ability to regain market share, particularly as rivals like Kandji affect channel dynamics and overall sales potential. Additionally, if Jamf is unable to effectively manage its relationships or enhance its subscription offerings, particularly with the Connect product, there is a notable risk of declining international sales, further casting doubt on its growth trajectory.