RBC Capital analyst Matthew Hedberg maintained a Buy rating on N-able (NABL – Research Report) yesterday and set a price target of $17.00. The company’s shares closed yesterday at $12.93.
Hedberg covers the Technology sector, focusing on stocks such as Teradata, Altair Engineering, and Jamf Holding. According to TipRanks, Hedberg has an average return of 11.0% and a 56.35% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for N-able with a $15.38 average price target, a 18.95% upside from current levels. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $16.50 price target.
Based on N-able’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $108.42 million and a net profit of $9.35 million. In comparison, last year the company earned a revenue of $95.76 million and had a net profit of $6.99 million
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N-able (NABL) Company Description:
N-able Inc empowers managed services providers (MSPs) to help small and medium enterprises navigate the digital evolution. Its flexible technology platform and powerful integrations help MSPs to monitor, manage, and protect their end customer systems, data, and networks. Its portfolio of security, automation, and backup and recovery solutions is built for IT services management professionals.
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