Tenable Holdings price target raised to $60 from $52 at Wells Fargo

Wells Fargo analyst Andrew Nowinski raised the firm’s price target on Tenable Holdings to $60 from $52 and keeps an Overweight rating on the shares. The firm notes Tenable beat Q2 estimates and modestly raised the annual outlook. The stock is still trading well below peers, though revenue and CCB growth does lag peers, Wells says. Nonetheless, the new Tenable One platform should drive growth.