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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TENB:
- Tenable price target raised to $42 from $35 at Truist
- Tenable price target raised to $37 from $30 at Scotiabank
- Tenable price target raised to $42 from $40 at Baird
- Tenable price target raised to $34 from $32 at DA Davidson
- Tenable Holdings: Strong Q2 Performance and Promising Outlook Justify Buy Rating