Tenable Holdings has favorable near-term set-up

<p> <br />
</p>
<div>
<div>
<img decoding="async" alt="Tenable Holdings has favorable near-term set-up – UBS" id="carouselImage" src="https://i-invdn-com.investing.com/news/LYNXNPEC110AS_L.jpg" style="visibility:hidden" /><br />
<span>© Reuters. Tenable Holdings (TENB) has favorable near-term set-up &#8211; UBS</span><br />
<i class="imgGrad"/>
</div>
<p>UBS started coverage of Tenable Holdings, Inc. (NASDAQ:) at Buy with a $52 price target in a note to clients Thursday.</p>
<p>Analysts told investors that his firm sees a favorable near-term set-up for the company and &#8220;relatively conservative guidance.&#8221;</p>
<p>&#8220;Checks were most positive on TENB&#8217;s relative positioning in VM and pointed to prioritization and analytic capabilities as differentiators,&#8221; the analysts wrote in the note.</p>
<p>&#8220;TENB offers a solid growth+margin expansion opportunity and at 20.5x CY24 EV/uFCF looks undervalued for high teens growth and 20%+ uFCF margins.&#8221;</p>
<p>Despite UBS&#8217; positive comments, TENB shares are down 1.4% at the time of writing, trading around the $42.25 per share mark.</p>
</div>
<p><br />
<br /><a href="https://www.investing.com/news/stock-market-news/tenable-holdings-has-favorable-nearterm-setup–ubs-432SI-3121053">Source link </a></p><p>The post <a href="https://forextraderhub.com/tenable-holdings-has-favorable-near-term-set-up.html">Tenable Holdings has favorable near-term set-up</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>