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

Tenable (NASDAQ:TENB) had its target price raised by Needham & Company LLC from $36.00 to $55.00 in a report issued on Thursday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

TENB has been the topic of a number of other research reports. Wells Fargo & Company raised their target price on shares of Tenable from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Yorkville Ives started coverage on shares of Tenable in a report on Tuesday, October 6th. They issued an “outperform” rating and a $45.00 price target for the company. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Susquehanna increased their price objective on shares of Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Tenable from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Ten analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.25.

Tenable Stock Down 2.0%

Shares of TENB opened at $50.75 on Thursday. The firm has a market capitalization of $5.59 billion, a P/E ratio of 390.41 and a beta of 1.01. Tenable has a 12-month low of $15.73 and a 12-month high of $53.22. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The firm has a fifty day moving average price of $38.02 and a 200-day moving average price of $28.77.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. Tenable had a return on equity of 28.72% and a net margin of 1.48%. The company had revenue of $276.39 million for the quarter, compared to analysts’ expectations of $271.58 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Tenable’s revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Tenable will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Tenable

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Firetrail Investments PTY Ltd. acquired a new stake in Tenable during the 2nd quarter valued at approximately $8,389,000. Bank of America Corp DE purchased a new stake in shares of Tenable in the 2nd quarter valued at $30,884,000. Dimensional Fund Advisors LP boosted its holdings in shares of Tenable by 231.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock valued at $13,827,000 after acquiring an additional 570,760 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Tenable in the second quarter worth $6,357,000. Finally, BlackRock Inc. acquired a new stake in shares of Tenable in the second quarter worth $498,387,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Key Headlines Impacting Tenable

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

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.