Tenable price target lowered to $27 from $32 at Wedbush

Wedbush analyst Daniel Ives lowered the firm’s price target on Tenable (TENB) to $27 from $32 to reflect new estimates, while keeping an Outperform rating on the shares. The firm notes the company delivered solid Q1 results, beating the Street on the top and bottom lines which will be largely overshadowed by a lower-than-expected raise to its FY26 guidance despite seeing continued momentum in Tenable One as customers continue expanding their industry-wide security budget creating healthier spending environments.