TD Cowen lowered the firm’s price target on Tenable (TENB) to $45 from $50 and keeps a Buy rating on the shares. The firm said the company exceeded 1Q25 estimates on all metrics but tweaked guidance for FY25 given growing macro uncertainty driven mostly by US public. While the company recorded its best ever 7-digit contracts quarter driven mostly by Tenable One and cloud security, it would appear that DOGE implications are pinching its outlook.
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