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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Read More on TENB:
- Tenable price target lowered to $34 from $38 at Baird
- Tenable price target raised to $21 from $20 at Barclays
- Analyst Reaffirms Buy on Tenable Amid Solid Execution, Raised Guidance and Growing Momentum for Tenable One Platform
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- Tenable reports Q1 EPS 47c, consensus 41c
