Tenable Holdings price target raised to $60 from $55 at Wells Fargo

Wells Fargo analyst Andrew Nowinski raised the firm’s price target on Tenable Holdings to $60 from $55 and keeps an Overweight rating on the shares. The firm notes Tenable reported solid Q4 results, and while the stock traded up about 8% after hours, guidance for full year 2024 was mixed. OM was much higher than expected, while CCB was slightly below consensus. Nonetheless, valuation remains attractive, Wells says.