N-able, Inc. (NYSE:NABL) is one of the best tech stocks under $5 to buy.
Needham cut the price target on N-able, Inc. (NYSE:NABL) to $6.50 from $8 on May 8, maintaining a Buy rating on the shares
The company also received a rating update from Scotiabank the same day, with the firm lifting the price target to $5.75 from $5.25 and reiterating a Sector Perform rating on the shares. It told investors in a research note that the company posted a quarter where ARR growth and profitability were decent. However, it pointed out that the 2026 guidance for key metrics isn’t moving higher.
For reference, in its financial results for fiscal Q1 2026, N-able, Inc. (NYSE:NABL) reported total revenue of $133.7 million, up 13.1% year-over-year, or 8.3% year-over-year growth on a constant currency basis. Subscription revenue reached $132.5 million, growing 13.4% year-over-year, or 8.6% year-over-year on a constant currency basis. Management also reported that total ARR for the quarter was $548.0 million, representing 11.2% year-over-year growth, or 7.9% year-over-year growth on a constant currency basis.