Tenable initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of Tenable (TENB) with an Overweight rating and $50 price target Tenable is the market leader in vulnerability management and creator of the exposure management category, the analyst tells investors in a research note. The firm says that while Tenable’s core business faces challenges, the stock’s valuation compensates for slower growth. Given the “platform upside, continued margin expansion, and attractive entry point,” Cantor likes the risk/reward profile at current share levels.