Tenable initiated with an Equal Weight at Stephens

Stephens analyst Todd Weller initiated coverage of Tenable (TENB) with an Equal Weight rating and $42 price target Tenable remains well positioned to continue to execute its strategy of evolving from traditional vulnerability management to a more strategic provider of enterprise manager solutions, the analyst tells investors in a research note. The firm believes sales growth re-acceleration is the most critical factor for the stock. Tenable’s current valuation is fair but offers room for upside if the company can execute on growth reacceleration, contends Stephens.