Tenable price target raised to $45 from $40 at DA Davidson

DA Davidson raised the firm’s price target on Tenable (TENB) to $45 from $40 and keeps a Neutral rating on the shares. The company delivered a “strong” Q4 earnings beat as Tenable One and Cloud Security segments drove the strength in the quarter, the analyst tells investors in a research note. The firm adds however that while Q4 was a “solid” quarter, the firm sees catalysts lacking and growth being unlikely to reaccelerate in the near-term.