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Stifel Maintains Hold Stance Following Tenable Holdings, Inc. (TENB) Billing Changes
Yahoo Finance· 2025-12-29 14:56
Core Viewpoint - Tenable Holdings, Inc. (NASDAQ:TENB) is considered one of the best beaten-down technology stocks to buy according to hedge funds, with Stifel maintaining a Hold rating and a $35 price target [1]. Group 1: Financial Adjustments - Stifel has adjusted its cash flow projections for Tenable Holdings due to changes in the company's billing practices, leading to lowered expectations for cash flow from operations and free cash flow [2]. - The adjustments are a result of Tenable shifting from multi-year billing to annual billing, which was influenced by customer preferences in a higher interest rate environment [3]. Group 2: Business Developments - Tenable entered into a OneGov agreement with the US General Services Administration to provide its FedRAMP-authorized Cloud Security solution to federal agencies, offering the solution at a discount until March 31, 2027 [4]. - The company specializes in exposure management solutions, helping organizations identify, prioritize, and remediate vulnerabilities across IT, cloud, and operational technology environments using its AI-powered Tenable One platform [5].