William Blair analyst Jonathan Ho has maintained their bullish stance on TENB stock, giving a Buy rating today.
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Jonathan Ho’s rating is based on the recent appointment of Matthew Brown as the new CFO of Tenable Holdings. Brown’s extensive experience in financial leadership within the technology sector, including roles at Norton LifeLock and Symantec, is seen as a strategic move to support Tenable’s growth and long-term vision.
Ho believes that Brown’s expertise in scaling global software businesses and executing impactful financial strategies aligns well with Tenable’s focus on cloud-first exposure management and investment in unified risk platforms. This leadership change is viewed as a reinforcement of Tenable’s commitment to strategic execution and continued investment in key areas like Tenable One and cloud-native capabilities, which are expected to drive future growth.
Ho covers the Technology sector, focusing on stocks such as Fastly, Akamai, and Palo Alto Networks. According to TipRanks, Ho has an average return of 8.2% and a 48.84% success rate on recommended stocks.
In another report released today, Robert W. Baird also maintained a Buy rating on the stock with a $42.00 price target.