UBS analyst Roger Boyd initiated coverage of Tenable Holdings with a Buy rating and $52 price target. The analyst expects the exposure management subsector market to grow mid-teens in 2023 following 22% and 25% growth in 2021 and 2022, respectively. The firm sees a favorable near-term setup for Tenable and relatively conservative guidance. Channel checks were most positive on Tenable’s relative positioning in vulnerability management and pointed to prioritization and analytic capabilities as differentiators, the analyst tells investors in a research note.
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