William Blair analyst Jason Ader has maintained their bullish stance on NABL stock, giving a Buy rating on March 3.
Jason Ader has given his Buy rating due to a combination of factors that highlight N-able’s strategic growth initiatives and potential for market expansion. The company has introduced its Adlumin XDR/MDR solution, which enhances its existing product portfolio by adding a robust cybersecurity offering tailored for SMB and midmarket customers. This addition is expected to strengthen N-able’s cyber-resilience platform, providing a comprehensive solution for customers who may lack the resources to tackle modern IT security challenges.
Furthermore, N-able’s strategy to expand its go-to-market focus by leveraging Adlumin’s reseller network of VARs and distributors is seen as a significant growth opportunity. This move aims to penetrate broader midmarket and SMB segments beyond its traditional MSP focus, potentially increasing its market share. Additionally, N-able’s ambitious target to achieve $750 million in ARR by 2028, reflecting a 12% CAGR from 2024, underscores the company’s growth prospects and strategic vision, which supports the Buy rating.
According to TipRanks, Ader is a 3-star analyst with an average return of 3.2% and a 47.25% success rate. Ader covers the Technology sector, focusing on stocks such as AvePoint, N-able, and NetApp.
In another report released on March 3, Needham also maintained a Buy rating on the stock with a $10.00 price target.