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

Tenable (NASDAQ:TENB) had its price objective lifted by equities researchers at Canaccord Genuity Group from $30.00 to $36.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 17.31% from the company’s previous close.

A number of other analysts also recently weighed in on TENB. Robert W. Baird set a $34.00 price target on Tenable in a research note on Thursday, April 30th. Needham & Company LLC lifted their price target on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday. Cantor Fitzgerald raised their target price on shares of Tenable from $30.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Stephens lifted their target price on Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, Stifel Nicolaus set a $31.00 target price on shares of Tenable in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.21.

Tenable Stock Performance

Tenable stock traded down $0.79 during trading hours on Thursday, reaching $30.69. 3,680,106 shares of the stock were exchanged, compared to its average volume of 3,251,737. Tenable has a 52-week low of $15.73 and a 52-week high of $43.67. The stock has a market cap of $3.38 billion, a P/E ratio of -309.93 and a beta of 0.93. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50 day moving average is $31.81 and its 200 day moving average is $24.49.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The business had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Analysts predict that Tenable will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TENB. Quarry LP bought a new position in Tenable during the third quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Tenable during the 4th quarter worth approximately $28,000. Signaturefd LLC raised its stake in Tenable by 312.9% in the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after acquiring an additional 948 shares during the period. Horizon Investments LLC acquired a new stake in Tenable during the 3rd quarter valued at $45,000. Finally, Quadrant Capital Group LLC bought a new position in Tenable during the fourth quarter worth $38,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Tenable reported Q2 adjusted EPS of $0.51, above the $0.47 consensus, while revenue reached $268.5 million, topping estimates of $264.9 million and increasing 8.6% year over year. Non-GAAP operating margin improved to 24.7%, up 540 basis points, and operating cash flow was $44.7 million. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its earnings outlook. Tenable projected Q3 EPS of $0.49-$0.52, well above the $0.42 analyst estimate, and lifted full-year 2026 EPS guidance to $1.95-$2.00 versus consensus of $1.66. The outlook reflects record adoption of Tenable One, customer expansion and continued AI-related momentum. TENB Q2 Earnings Beat on Tenable One Momentum, Outlook Raised
• Positive Sentiment: Needham turned more bullish. The firm raised its TENB price target from $30 to $36 and assigned a “buy” rating, citing potential upside following the earnings report. Needham Raises Tenable Price Target
• Negative Sentiment: Wells Fargo lowered its price target and maintained a neutral view. The firm cut its target from $43 to $35 and assigned an “equal weight” rating. Although the new target remains above the recent trading level, the reduction signals caution and may offset optimism from the earnings beat and Needham upgrade. Wells Fargo Lowers Tenable Price Target

About Tenable

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.