Tenable Holdings (TENB – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Kingsley Crane from Canaccord Genuity maintained a Buy rating on the stock and has a $53.00 price target.
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Kingsley Crane has given his Buy rating due to a combination of factors related to Tenable Holdings’ strategic positioning and financial prospects. The company recently acquired Vulcan Cyber, which, although initially expected to have a minimal revenue impact, is anticipated to strategically enhance Tenable’s platform, particularly in the area of exposure management.
Crane notes that despite the acquisition’s short-term margin dilution, it is projected to become accretive by the first half of 2026 as product integration and go-to-market strategies are optimized. Furthermore, Crane views the stock as undervalued with a promising potential for growth and improved margins, supported by a solid financial outlook for 2025. This undervaluation, alongside the company’s strong foundation in security architectures, supports Crane’s positive outlook on the stock.
In another report released on February 10, Needham also maintained a Buy rating on the stock with a $50.00 price target.