Jamf Holding price target lowered to $18 from $20 at Barclays

Barclays lowered the firm’s price target on Jamf Holding to $18 from $20 and keeps an Equal Weight rating on the shares. The posted solid results in Q4 despite continued headwinds in device expansion, with Security again leading the way, the analyst tells investors in a research note. However, the firm says lower than consensus fiscal year guidance reaffirmed that seat-based headwinds have not faded away, and that Jamf’s growth may be challenged throughout 2024.