Jamf Holding price target lowered to $27 from $30 at RBC Capital

RBC Capital lowered the firm’s price target on Jamf Holding to $27 from $30 but keeps an Outperform rating on the shares ahead of its Q4 results. Macro pressures and reduced job posting data could temporarily weigh on growth expectations, but company-specific drivers likely leave Jamf Holding well positioned over longer-term, the analyst tells investors in a research note. The firm is reducing its FY23 and FY24 revenue estimates but also believes that "growth could re-accelerate" in 2024.