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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TENB:
- Tenable Holdings appoints O’Leary as CMO
- Tenable Names Cybersecurity Expert Meg O’Leary Chief Marketing Officer
- Tenable Selected by Chubu Electric Power Grid to Support Stable Power Delivery
- Tenable OT Security selected by Chubu Electric Power Grid
- Tenable Announces Date For Its Third Quarter Earnings Conference Call
