Tenable (NASDAQ:TENB) Price Target Raised to $36.00

Tenable (NASDAQ:TENB) had its price target upped by Canaccord Genuity Group from $30.00 to $36.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. William Blair downgraded shares of Tenable from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Wells Fargo & Company dropped their price target on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday. Scotiabank upgraded shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price target for the company in a report on Monday, July 6th. Wall Street Zen lowered shares of Tenable from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 24th. Finally, Susquehanna upped their price objective on Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $34.68.

Tenable Stock Up 0.3%

Shares of NASDAQ:TENB opened at $32.64 on Thursday. Tenable has a 52-week low of $15.73 and a 52-week high of $43.67. The stock has a market cap of $3.60 billion, a P/E ratio of 652.93 and a beta of 0.93. The business has a fifty day moving average of $32.10 and a two-hundred day moving average of $24.61. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The business had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. Tenable had a return on equity of 13.58% and a net margin of 0.65%.The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, research analysts expect that Tenable will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Tenable

A number of institutional investors have recently modified their holdings of TENB. Arrowstreet Capital Limited Partnership grew its position in Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after acquiring an additional 2,375,587 shares in the last quarter. UBS Group AG increased its position in shares of Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after purchasing an additional 2,369,402 shares during the last quarter. Norges Bank purchased a new position in Tenable in the fourth quarter valued at $44,542,000. SEB Asset Management AB acquired a new stake in shares of Tenable during the 1st quarter worth about $18,935,000. Finally, First Trust Advisors LP raised its holdings in Tenable by 31.8% during the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after purchasing an additional 1,023,671 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable News Summary

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable exceeded Q2 expectations, reporting adjusted EPS of $0.51 versus the $0.47 consensus and revenue of $268.51 million versus estimates of $264.87 million. Revenue increased 8.6% year over year. Tenable Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management issued stronger-than-expected EPS guidance, forecasting Q3 EPS of $0.49–$0.52 versus the $0.42 consensus and full-year EPS of $1.95–$2.00 versus the $1.66 consensus. The outlook reflects momentum in Tenable One, artificial intelligence offerings and customer expansion. TENB Q2 Earnings Beat and Outlook Raised
• Positive Sentiment: Needham raised its price target to $36 from $30 and Canaccord Genuity increased its target to $36 from $30; both firms maintained or initiated a “buy” view. Needham Raises Tenable Price Target
• Neutral Sentiment: Wells Fargo lowered its target to $35 from $43 while retaining an “equal weight” rating, and Barclays and Truist reaffirmed “hold” ratings. Truist separately reduced its target to $30 from $40, signaling limited near-term conviction.
• Negative Sentiment: Piper Sandler cut its rating on Tenable, adding to investor concerns that the improved outlook may already be reflected in the stock’s valuation. Piper Sandler Cuts Tenable Rating

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.