N-able Stock Analysis: Financial Health and Market Potential
Introduction
N-able, Inc. (NYSE:NABL) stands as a formidable player in the information technology services sector, offering cloud-based solutions to managed service providers. With the IT services market rapidly expanding, N-able is positioned for potential growth.
Financial Overview
As of September 2024, N-able has a debt of $333.6 million, with net debt approximating $159.1 million after cash holdings. The company has liabilities of $93.8 million due within a year and $364.7 million due after that, offset by $174.4 million in cash. This positions N-able with a manageable balance sheet.
Net Debt to EBITDA: 1.5
Interest Cover: 3.0 times
N-able's financial strategy appears sound, with a 42% growth in EBIT over the last year, indicating a robust capability to manage its debt.
Market Position
Recognized among the top IT services stocks, N-able benefits from the U.S. market's projected growth from $461.03 billion in 2024 to $630.76 billion by 2029, at a CAGR of 6.47%.
Analyst Insights
N-able's stock price is currently $10.25 with a 'Moderate Buy' consensus. Analysts predict a price target of $13.25, suggesting a potential 29.22% upside.
Conclusion
N-able demonstrates solid financial health and market potential, making it a stock worth considering for investment portfolios. With its strategic positioning in a growing sector, N-able is poised for future success.
For further insights, stay tuned to market updates and expert analyses.
Introduction
N-able, Inc. (NYSE:NABL) stands as a formidable player in the information technology services sector, offering cloud-based solutions to managed service providers. With the IT services market rapidly expanding, N-able is positioned for potential growth.
Financial Overview
As of September 2024, N-able has a debt of $333.6 million, with net debt approximating $159.1 million after cash holdings. The company has liabilities of $93.8 million due within a year and $364.7 million due after that, offset by $174.4 million in cash. This positions N-able with a manageable balance sheet.
Net Debt to EBITDA: 1.5
Interest Cover: 3.0 times
N-able's financial strategy appears sound, with a 42% growth in EBIT over the last year, indicating a robust capability to manage its debt.
Market Position
Recognized among the top IT services stocks, N-able benefits from the U.S. market's projected growth from $461.03 billion in 2024 to $630.76 billion by 2029, at a CAGR of 6.47%.
Analyst Insights
N-able's stock price is currently $10.25 with a 'Moderate Buy' consensus. Analysts predict a price target of $13.25, suggesting a potential 29.22% upside.
Conclusion
N-able demonstrates solid financial health and market potential, making it a stock worth considering for investment portfolios. With its strategic positioning in a growing sector, N-able is poised for future success.
For further insights, stay tuned to market updates and expert analyses.