Analysts from B. Riley and RBC Capital gave positive recommendations for N-Able Inc. (NYSE:NABL), a cloud-based software company. They both issued Buy ratings with a $10 price target, citing the company’s wide range of services and proprietary platform as advantages in the market. Demand for software-based managed services targeting small businesses is expected to increase.

N-Able Inc. (NYSE:NABL) offers services like backup, data protection, remote monitoring, and threat hunting to small- and medium-sized businesses. The company has been able to sustain healthy margins and cash flows, making it an attractive investment option in the cloud computing sector.

While NABL shows promise as an investment, some AI stocks may offer greater upside potential with less downside risk. Investors seeking undervalued AI stocks can refer to a free report on the best short-term AI stock.

For more tech stock recommendations, check out the 14 Best Tech Stocks Under $10 to Buy and Goldman Sachs Semiconductor Stocks: Top 12 Picks articles. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: B. Riley Initiates Coverage on N-Able (NABL), Assigns a Buy Rating