N-able, Inc. (NABL)
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
$4.06+1.75%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
Intact: The reason to own it still holds.
N-able grew revenue 13% last year. Operating income rose $2.4M. Gross profit improved by $2.7M. The company aims for $556M revenue in 2026.
The company still loses money. Revenue growth may slow below 9.5%. Profit gains could stall or reverse.
The price is about 54% below our fair value near $9.5. Analysts expect about 9.5% revenue growth. We see risk in profit and growth sustainability.
Breaks if: Gross profit falls below $99 million next year
Breaks if: Operating income falls below $10 million next year
Breaks if: Revenue falls below $500 million in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a speculative growth opportunity. The company is focused on driving revenue and expanding its AI capabilities, but management has demonstrated volatility, which adds uncertainty to the long-term thesis.
The market appears to have priced in a low expectations gap, indicating that investors have modest expectations for future performance. NABL is currently seen as cheap compared to its peers, but it carries a premium, suggesting some level of caution among investors.
NABL's fundamentals are likely to remain strong in the near term, as recent financial performance has been robust. However, the mixed status of management's priorities, particularly around profitability, introduces some risk.
The long-term thesis hinges on several key factors. If NABL cuts guidance in the next earnings call, it could negatively impact sentiment. Conversely, favorable movements in interest rates or positive earnings from sector leaders could provide a boost.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no new threats identified that could weaken the thesis.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Overall, NABL's performance is solid, but its future depends on management's ability to navigate risks and capitalize on opportunities. Not investment advice.