Canaccord raised the firm’s price target on Tenable Holdings to $60 from $55 and keeps a Buy rating on the shares. The firm believes Tenable is increasingly well positioned for ~20%+ long-term growth given its defensible leadership in VM and expansion into a full-featured risk exposure platform. In their view, Tenable’s ability to enable critical visibility into major threat vectors, including active directory, containers, cloud, and IoT/OT, is enabling sustained market share gains.
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