Tenable Holdings price target raised to $50 from $48 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Tenable Holdings (TENB) to $50 from $48 and keeps an Equal Weight rating on the shares. Cybersecurity has outperformed broader software in recent months and while the firm’s checks indicate stability, it leans “more cautious into Q3” given higher expectations and slower seasonality. In that context, the firm sees Tenable and Varonis (VRNS) offering the “most favorable setups,” the analyst tells investors in a preview note.