Tenable Holdings shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $46 to $60.
Portfolio Pulse from Benzinga Newsdesk
Tenable Holdings' stock (TENB) is trading higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with an increased price target from $46 to $60.
January 09, 2024 | 4:07 pm
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POSITIVE IMPACT
Morgan Stanley upgraded Tenable Holdings from Equal-Weight to Overweight and raised the price target from $46 to $60, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected future performance of the company. The increase in price target further strengthens investor confidence, suggesting that Morgan Stanley sees significant upside potential for Tenable Holdings.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100