Stock Track | N-able Plummets 6.18% as Analysts Lower Price Targets Amid Concerns

Stock Track

03/04

N-able, Inc. (NABL) saw its stock price plummet by 6.18% in Tuesday's trading session, underperforming the broader market.

The sell-off in N-able's shares was driven by multiple analyst firms lowering their price targets on the stock. Scotiabank analyst Joe Vandrick slashed the firm's price target on N-able from $11 to $8.75, while maintaining a Hold rating on the stock. RBC Capital also trimmed its price target on N-able from $12 to $10, despite keeping an Outperform rating.

The analysts' downward revisions reflect concerns over N-able's recent financial performance and future growth prospects. The company's fourth-quarter results, released last month, seem to have fallen short of market expectations, prompting analysts to reevaluate their valuation models.

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(NABL) saw its stock price plummet by 6.18% in Tuesday's trading session, underperforming the broader market.</p>\n\n<p>The sell-off in N-able's shares was driven by multiple analyst firms lowering their price targets on the stock. Scotiabank analyst Joe Vandrick slashed the firm's price target on N-able from $11 to $8.75, while maintaining a Hold rating on the stock. RBC Capital also trimmed its price target on N-able from $12 to $10, despite keeping an Outperform rating.</p>\n\n<p>The analysts' downward revisions reflect concerns over N-able's recent financial performance and future growth prospects. The company's fourth-quarter results, released last month, seem to have fallen short of market expectations, prompting analysts to reevaluate their valuation models.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NABL","symbol_name":"N-able, Inc.","start_time":0,"source_url":"","article_id":"1110627593","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1110627593","pubTimestamp":1741098762,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"N-able, Inc.  saw its stock price plummet by 6.18% in Tuesday's trading session, underperforming the broader market.The sell-off in N-able's shares was driven by multiple analyst firms lowering their price targets on the stock. 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