DA Davidson analyst Rudy Kessinger lowered the firm’s price target on Tenable (TENB) to $28 from $45 and keeps a Neutral rating on the shares. The company’s Q1 results were strong as revenue and free cash flow were all ahead of consensus expectations, but its guidance was lowered from up 8%-9% Y/Y just up 6%-7%, and the guidance reduction more than offset what was otherwise a strong quarter, the analyst tells investors in a research note.
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Read More on TENB:
- Tenable price target lowered to $45 from $50 at TD Cowen
- Tenable price target lowered to $40 from $50 at Piper Sandler
- Tenable Holdings: Strong Q1 Performance and Strategic Positioning Highlight Compelling Buy Opportunity
- Tenable price target lowered to $45 from $53 at Canaccord
- Tenable Holdings: Strong Operational Foundation and Attractive Valuation Amidst Revenue Guidance Adjustments