JAMF - Jamf sidelined at Goldman Sachs after 'underwhelming' guidance

Calling the implied guidance for the second half of the year "underwhelming," Goldman Sachs downgrades Jamf (JAMF) from Buy to Neutral and shaves $20 off the price target for $32.Analyst Rod Hall says the company reported "solid" first quarter results and Q2 guidance driven by the continuing work and study from home tailwinds. But the H2 view is 2% below Goldman's estimate and the firm sees uncertainties around whether the education tailwind will continue and if commercial demand will pick up as the economic reopening continues.Jamf shares are down 6.5% pre-market to $29.50.Background: Jamf reports Q1 beats, announces $400M Wandera acquisition

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Jamf sidelined at Goldman Sachs after 'underwhelming' guidance