Stock Price Prediction

RBC Capital lowered the firm's price target on Jamf Holding to $19 from $23 and keeps an Outperform rating on the shares as part of a broader research note previewing Q4 results and 2025 for Software. Based on solid December budget flush checks and stable macros, the firm is positive on the sector's fundamentals for 2025 and believes that estimates can increase as the year unfolds, the analyst tells investors in a research note, adding that while FY25 guidance is likely conservative to start the year, RBC feels better about out-year constant currency estimates than it did at this point last year. The firm notes however that it is also lowering reported estimates for several names due to FX headwinds. For the company, RBC states that it expects in-line results following commentary of a stable macro at the Global RBC TIMT Conference while watching for momentum within security, also noting that it sees a conservative initial 2025 guide in light of a relatively new CFO.