Scotiabank has reduced its price target for N-Able Inc. (NYSE:NABL) shares to $5.25 from $8.75, while maintaining a Sector Perform rating, citing growth concerns and unexciting top-line performance. The firm questioned the potential for outperformance given the 2026 guidance, which incorporates new products in the latter half of the year. Despite the essential nature of N-Able’s software, Scotiabank observed no AI-related tailwinds and noted that a top-line acceleration would be necessary for the stock to re-rate higher, a view it currently cannot confidently support in a fragmented software market.
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Scotiabank cuts N-Able stock price target on growth concerns
Scotiabank has reduced its price target for N-Able Inc. (NYSE:NABL) shares to $5.25 from $8.75, while maintaining a Sector Perform rating, citing growth concerns and unexciting top-line performance. The firm questioned the potential for outperformance given the 2026 guidance, which incorporates new products in the latter half of the year. Despite the essential nature of N-Able’s software, Scotiabank observed no AI-related tailwinds and noted that a top-line acceleration would be necessary for the stock to re-rate higher, a view it currently cannot confidently support in a fragmented software market.