Tenable Holdings price target raised to $60 from $50 at Truist

Truist raised the firm’s price target on Tenable Holdings to $60 from $50 and keeps a Buy rating on the shares. The company’s Q4 results were solid results across the board, with better than expected revenue growth and higher than expected margins, the analyst tells investors in a research note. The management’s initial FY24 guidance also assumes it maintains low double-digit growth while expanding margins further thanks to S&M spend efficiency and headcount reduction, the firm added.