Tenable Holdings Can Gain From Attractive Growth Setup & Accelerating FCF: Analyst
Portfolio Pulse from Lekha Gupta
Stephens analyst Brian Colley initiated coverage on Tenable Holdings Inc (NASDAQ:TENB) with an Outperform rating and a price target of $60. Colley expects TENB to see continued growth due to its best-of-breed strategy, rising Tenable One adoption, asset coverage growth, OT security, cloud, and identity. He also sees attractive re-acceleration in topline growth above consensus expectations and solid valuation support given management's commitment to 2024 underlying FCF of $240 million-$250 million.
August 18, 2023 | 7:25 pm
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Tenable Holdings Inc is expected to see continued growth and solid valuation support, according to Stephens analyst Brian Colley. He initiated coverage on the company with an Outperform rating and a price target of $60.
The analyst's positive outlook on Tenable Holdings, including the Outperform rating and the price target of $60, indicates strong growth prospects for the company. This could lead to increased investor interest and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100