JPMorgan upgraded Tenable Holdings to Overweight from Neutral with a price target of $56, up from $51. The analyst sees an “attractive opportunity” for better growth, margin expansion, and free cash flow moving through the back half of the year into fiscal 2024 for the company. As demand continues to build, execution is improving and Tenable continues to dominate peers in core markets, the analyst tells investors in a research note. In addition, the firm thinks the company’s expectations remain relatively conservative.
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