Tenable Holdings price target raised to $58 from $48 at Wells Fargo

Wells Fargo analyst Andrew Nowinski raised the firm’s price target on Tenable Holdings to $58 from $48 and keeps an Overweight rating on the shares. Tenable reported solid Q4 results, and while guidance was modestly below consensus, the firm believes it was a prudent starting point. The company remains on track to generate 20% revenue growth with a 25% free cash flow margin in fiscal 2024, Wells says.