Tenable is trading 4.3% down at $36.06 after Truist downgraded the stock from Buy to Hold, citing limited near-term growth visibility and a more balanced risk-reward profile.
- Truist raised its price target to $40 but noted that the stock's recent climb toward 52-week highs makes the current valuation less compelling.
- The downgrade comes just days before the company's July 29 earnings report, prompting profit-taking as the stock bucks a broader tech rally.