DA Davidson analyst Rudy Kessinger raised the firm’s price target on Tenable Holdings to $54 from $47 and keeps a Buy rating on the shares after its Q4 earnings beat. While its outlook assumes the macro remains challenging and "perhaps will even worsen" in the first half of FY23, the company’s competitive positioning continues to improve, and its operating leverage and free cash flow improvement are "impressive", the analyst tells investors in a research note.
Published first on TheFly
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