Scotiabank analyst Patrick Colville lowered the firm’s price target on Tenable (TENB) to $23 from $31 and keeps a Sector Perform rating on the shares. The company reported a “respectable” Q4, with revenue, billings, and operating margins beating consensus, the analyst tells investors. Scotiabank, notes, however, it would like to see top-line acceleration in 2026 before rerating the stock.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TENB:
- Tenable price target lowered to $32 from $42 at Wedbush
- Tenable price target lowered to $35 from $40 at JPMorgan
- Tenable price target lowered to $37 from $43 at UBS
- Tenable: Improving Fundamentals and AI Tailwinds Tempered by Competitive Exposure Management Risks Justify Hold Rating
- Tenable price target lowered to $33 from $40 at Canaccord