Tenable Holdings price target raised to $56 from $52 at Needham

Needham raised the firm’s price target on Tenable Holdings to $56 from $52 and keeps a Buy rating on the shares ahead of its Q4 results. The company has navigated the slower-growth environment and the firm sees Tenable’s expanding free cash flow margin providing its management with optionality to continue acquiring strategic assets as a platform consolidator in the fragmented security market and buying back shares, the analyst tells investors in a research note.