Tenable price target lowered to $30 from $45 at Scotiabank

Scotiabank analyst Patrick Colville lowered the firm’s price target on Tenable (TENB) to $30 from $45 and keeps a Sector Perform rating on the shares. The company recently reported Q1 results with billings in-line with expectations, but also cut its guidance for FY25, the analyst tells investors. While there is “a lot to like” about the company, the firm remains on the sidelines.