B. Riley Initiates Coverage on N-Able (NABL), Assigns a Buy Rating

Two analysts gave positive recommendations on business tech company N-Able Inc. (NYSE:NABL), one of the 14 Best Tech Stocks Under $10 to Buy, the most recent of which is a January 23 coverage initiation by B. Riley with a Buy rating and a $10 price target. The analyst expects that demand for software-based managed services aimed at small businesses could pick up quickly, adding that the company’s wide range of services and proprietary platform give it an advantage in the market. “Artificial intelligence is changing the threat landscape and increasing the need for managed services, particularly in security and data protection services, areas where N-able specializes,” the analyst firm stated, adding that N-Able Inc. (NYSE:NABL) was able to sustain healthy margins and cash flows.

B. RIley’s opinion mirrored that of Matthew Hedberg of RBC Capital, who reaffirmed his Buy rating and $10 price target on the stock on January 16.

N-Able Inc. (NYSE:NABL) is a cloud-based software company that offers enterprise-oriented services such as backup and data protection, remote monitoring and management, threat hunting, and others to small- and medium-sized businesses.

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Disclosure: None. This article is originally published at Insider Monkey.