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Tenable price target lowered to $28 from $33 at Canaccord

Canaccord lowered the firm’s price target on Tenable (TENB) to $28 from $33 and keeps a Buy rating on the shares. The firm said Tenable’s Q1 results came in ahead of guidance and our model on all key metrics, setting up a nice beat and raise quarter to start FY26. The business continues to perform consistently amidst a tough software market, but slowing growth brought down the quarter.

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