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Tenable Holdings price target raised to $55 from $48 at Needham

Needham analyst Mike Cikos raised the firm’s price target on Tenable Holdings to $55 from $48 and keeps a Buy rating on the shares. The company’s Q2 earnings beat and raised 2023 guidance refuted more bearish concerns over the impact from SVB’s failure, the analyst tells investors in a research note. Tenable’s differentiated platform, Tenable One, is gaining market share versus VM players and covering more asset types, Needham added.

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