Tenable price target raised to $42 from $35 at Needham

Needham raised the firm’s price target on Tenable (TENB) to $42 from $35 and keeps a Buy rating on the shares after its Q2 earnings beat and guidance raise. Constrained U.S. Federal spend is still a headwind to New & Expansion opportunities, but the management is cautiously optimistic and still anticipates a large opportunity over the long-term, the analyst tells investors in a research note.