N-able initiated with a Buy at B. Riley

B. Riley initiated coverage of N-able (NABL) with a Buy rating and $10 price target offering 50% potential upside from the current share price. N-able is a software-as-a-service provider of services that enable managed service providers to serve small and medium-sized enterprises, the analyst tells investors in a research note. The firm believes investors should buy the stock at current levels, saying N-able is strategically positioned to benefit from the growing demand for managed services in the small business market. The company offers a differentiated platform with a wide breadth of services, Riley adds.