Tenable (NASDAQ:TENB) Price Target Raised to $55.00

by · The Markets Daily

Tenable (NASDAQ:TENB – Free Report) had its target price raised by Susquehanna from $36.00 to $55.00 in a report issued on Thursday, Marketbeat reports. The brokerage currently has a positive rating on the stock.

Other analysts have also recently issued reports about the stock. Piper Sandler upped their price target on shares of Tenable from $30.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday. TD Cowen increased their price objective on shares of Tenable from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. Scotiabank raised shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price objective for the company in a report on Monday, July 6th. Truist Financial reissued a “hold” rating and issued a $45.00 target price (up from $35.00) on shares of Tenable in a research report on Thursday. Finally, Wedbush lowered shares of Tenable from an “outperform” rating to an “underperform” rating and set a $29.00 target price on the stock. in a research note on Thursday, September 10th. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.25.

Get Our Latest Analysis on Tenable

Tenable Price Performance

Shares of NASDAQ TENB opened at $50.75 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 1.78. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $53.22. The business has a 50 day moving average price of $38.02 and a two-hundred day moving average price of $28.77. The firm has a market cap of $5.59 billion, a PE ratio of 390.41 and a beta of 1.01.

Tenable (NASDAQ:TENB – Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. Tenable had a return on equity of 28.72% and a net margin of 1.48%. Tenable’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. Sell-side analysts expect that Tenable will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tenable

A number of institutional investors have recently made changes to their positions in TENB. BlackRock Inc. acquired a new stake in shares of Tenable during the 2nd quarter valued at approximately $498,387,000. Arrowstreet Capital Limited Partnership lifted its stake in Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after purchasing an additional 2,375,587 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Tenable in the second quarter worth $76,759,000. Renaissance Technologies LLC boosted its holdings in Tenable by 140.8% in the first quarter. Renaissance Technologies LLC now owns 1,260,100 shares of the company’s stock worth $21,315,000 after purchasing an additional 736,800 shares during the period. Finally, Freestone Grove Partners LP acquired a new position in Tenable in the second quarter worth $42,489,000. 89.06% of the stock is currently owned by institutional investors.

Key Tenable News

Here are the key news stories impacting Tenable this week:

  • Positive Sentiment: Tenable reported third-quarter EPS of $0.63, above the $0.51 consensus estimate, while revenue of $276.4 million also exceeded expectations and increased 9.5% year over year. Tenable Q3 Earnings and Revenues Surpass Estimates
  • Positive Sentiment: The company raised fourth-quarter guidance to EPS of $0.56–$0.58 and revenue of $277 million–$280 million, ahead of consensus estimates of $0.42 and $276.5 million, respectively. Full-year 2026 EPS guidance was raised to $2.16–$2.19 versus the $1.69 consensus, providing the strongest near-term catalyst. Tenable Raises 2026 Earnings Guidance
  • Positive Sentiment: Needham and Susquehanna raised their price targets to $55 and maintained positive or buy-equivalent ratings. Canaccord also increased its target to $54 and assigned a buy rating, reflecting optimism about earnings momentum and Tenable One adoption. Tenable Guidance Announcement
  • Neutral Sentiment: Analysts continue to lift targets following the earnings report, but Stephens reaffirmed a hold rating and Wells Fargo maintained equal weight. Their targets of $48 and $45 remain below the recent trading level, signaling more cautious views despite the upward revisions. Stephens Reaffirms Hold Rating
  • Negative Sentiment: Wedbush warned that vendor bundling and potential cybersecurity-industry consolidation could pressure Tenable’s competitive position. Commentary also notes that the stock has already experienced a substantial rally, increasing valuation and profit-taking concerns. Tenable Faces Consolidation Risk

About Tenable

(Get Free Report)

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.

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