Scotiabank initiated coverage of N-able (NABL) with a Sector Perform rating and $11.20 price target e. N-able is a leader in the managed service provider software market, the analyst tells investors in a research note. The firm says that with 2025 set to be a year of investment for N-able, and pricing headwinds likely to continue into the first half of 2025, it views the stock’s risk/reward as balanced. Discussions with executives indicate the market is competitive and there are other highly credible managed service provider software providers, which is limiting N-able’s ability to drive share gains, says Scotiabank.
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Read More on NABL:
- N-able Expands Cybersecurity with Adlumin Acquisition
- N-able acquires strategic partner Adlumin for $100M
- N-able sees Q4 revenue $113.3M-$114.8M, consensus $112.4M
- N-able raises FY24 revenue view to $463.0M-$464.5M, consensus $461.9M
- N-able, Inc. Reports Strong Q3 2024 Financial Results
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
