10 Best Beaten Down Stocks to Buy According to Analysts

7. Jamf Holding Corp. (NASDAQ:JAMF)

Stock Price as of March 21: $13.17

Average Upside Potential: ~35.5%

52-week Low: $12.9

Number of Hedge Fund Holders: 25

Jamf Holding Corp. (NASDAQ:JAMF) offers management and security solutions for Apple platforms.  Koji Ikeda from Bank of America Securities reiterated a “Hold” rating on the company’s stock with a price objective of $18.00. The analyst’s rating is backed by a combination of factors impacting its financial outlook. Despite the challenges, the company continues to aim for a rule-of-40 profile by 2026 end, which happens to be a positive long-term target. William Blair analyst Jake Roberge reiterated the bullish stance on Jamf Holding Corp. (NASDAQ:JAMF)’s stock, providing a “Buy” rating. The rating is backed by a combination of factors, despite the company’s mixed fourth-quarter results.

The analyst noted positive developments in Jamf Holding Corp. (NASDAQ:JAMF)’s market positioning, mainly in the broader mobile device sector, where the company witnessed strong adoption throughout industries including travel, manufacturing, and education. Amidst the challenging macro environment, the recovery signs in the tech and education sectors offer additional optimism for the company’s growth potential. Jamf Holding Corp. (NASDAQ:JAMF)’s emphasis on commercial security solutions offers a strong opportunity for cross-sell revenue growth. With cybersecurity concerns escalating throughout the industries, the company’s existing customer base offers a healthy market for additional security offerings.