Scotiabank Raises N-able's Price Target to $8.75, Maintains "Sector Perform" Rating

Scotiabank analyst Patrick Colville has maintained a "Sector Perform" rating on N-able (NABL) but raised the price target from $8.30 to $8.75, a 5.42% increase. This update reflects an optimistic outlook for NABL shares. Investors should stay informed on further developments concerning N-able's financial outlook, as the company provides cloud-based software solutions for managed service providers to support digital transformation and growth for small and medium-sized enterprises.

Scotiabank analyst Patrick Colville has maintained a "Sector Perform" rating on N-able (NABL) but raised the price target from $8.30 to $8.75, a 5.42% increase. This update reflects an optimistic outlook for NABL shares. Investors should stay informed on further developments concerning N-able's financial outlook, as the company provides cloud-based software solutions for managed service providers to support digital transformation and growth for small and medium-sized enterprises.

N-able's latest earnings report showcased strong growth and profitability, with revenue exceeding expectations. The company's gross profit margin remained high, indicating efficient operations and cost management. Additionally, N-able's strategic expansion into new markets and product lines is expected to drive further growth in the coming quarters [1].

Scotiabank's analysts noted that N-able's focus on innovation and its strong balance sheet position it well for future opportunities. The new price target reflects the analysts' optimism about the company's ability to maintain its growth trajectory and deliver shareholder value. The latest update from Scotiabank underscores the positive sentiment surrounding N-able's stock, which has seen significant appreciation in recent months. However, the market remains cautious due to the ongoing economic uncertainties and geopolitical risks [1].

N-able's stock price gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $8.01, but opened at $8.81. N-able shares last traded at $8.30, with a volume of 214,888 shares. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $131.25 million for the quarter, compared to the consensus estimate of $125.87 million [3].

Several equities research analysts have commented on the company. Wall Street Zen upgraded N-able from a "hold" rating to a "buy" rating in a research note on Saturday. Needham & Company LLC restated a "buy" rating and set a $10.00 price target on shares of N-able in a research note on Monday, May 5th. Finally, Scotiabank upped their price target on N-able from $8.30 to $8.75 and gave the stock a "sector perform" rating in a research note on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $9.31 [3].

Institutional investors and hedge funds own 96.35% of the company's stock. Penserra Capital Management LLC acquired a new stake in shares of N-able in the second quarter valued at about $9,332,000. Sunriver Management LLC grew its stake in N-able by 28.6% during the 1st quarter. Sunriver Management LLC now owns 4,580,663 shares of the company's stock valued at $32,477,000 after purchasing an additional 1,018,361 shares in the last quarter [3].

N-able has a market cap of $1.42 billion, a price-to-earnings ratio of 374.94, and a beta of 0.62. The company provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow [3].

References:
[1] https://www.ainvest.com/news/scotiabank-raises-pt-8-75-maintains-sector-perform-rating-2508/
[3] https://www.marketbeat.com/instant-alerts/n-able-nysenabl-shares-gap-up-heres-why-2025-08-07/