Needham analyst Mike Cikos maintained a Buy rating on N-able (NABL – Research Report) today and set a price target of $14.50. The company’s shares closed yesterday at $11.81.
Cikos covers the Technology sector, focusing on stocks such as Gitlab, Dynatrace, and DigitalOcean Holdings. According to TipRanks, Cikos has an average return of -0.9% and a 43.22% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for N-able with a $12.50 average price target.
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Based on N-able’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $93.53 million and a net profit of $294 thousand. In comparison, last year the company earned a revenue of $88.42 million and had a net profit of $1.87 million
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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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