Stephens initiated coverage of Tenable Holdings with an Overweight rating and $60 price target. The analyst believes the company’s “best-of-breed strategy” of focusing on its core competency of preventative security has enabled Tenable to differentiate itself in what is generally viewed as a commoditized market. The firm expects the company to see continued share gains ahead and “meaningful additional growth opportunities” from increasing Tenable One adoption and asset coverage growth.
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