Tenable Holdings price target raised to $55 from $45 at Wedbush

Wedbush raised the firm’s price target on Tenable Holdings to $55 from $45 to reflect increased estimates and improved execution in the field, while keeping an Outperform rating on the shares. The firm notes Tenable delivered strong Rutschman-like Q2 results featuring top and bottom-line beats with revenues coming in at $195M vs. the Street’s $190.3M estimate and EPS coming in at 22c vs. the Street’s 13c as the company saw accelerated momentum across its entire portfolio despite a difficult macro.