Tenable price target lowered to $38 from $45 at TD Cowen

TD Cowen lowered the firm’s price target on Tenable (TENB) to $38 from $45 and keeps a Buy rating on the shares post the Q4 report. The company reported solid results as ongoing high threats levels and the rise of AI-powered attacks are sustaining security demand, the analyst tells investors in a research note. TD cites the industry’s recent multiple contraction for the target drop.