Tenable (NASDAQ:TENB) Given New $48.00 Price Target at Stephens

Tenable (NASDAQ:TENB) had its price target upped by investment analysts at Stephens from $34.00 to $48.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens‘s target price would indicate a potential downside of 6.55% from the company’s previous close.

Several other research firms have also commented on TENB. Jefferies Financial Group dropped their target price on Tenable from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Barclays set a $54.00 price target on Tenable in a report on Thursday. Robert W. Baird upped their price objective on Tenable from $41.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday. Wedbush downgraded Tenable from an “outperform” rating to an “underperform” rating and set a $29.00 price objective on the stock. in a report on Thursday, September 10th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $47.00 price objective on shares of Tenable in a report on Thursday. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tenable currently has a consensus rating of “Hold” and an average price target of $42.65.

Tenable Stock Up 5.4%

NASDAQ TENB opened at $51.37 on Thursday. The business has a fifty day moving average price of $37.36 and a 200 day moving average price of $28.49. Tenable has a one year low of $15.73 and a one year high of $50.21. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $5.66 billion, a P/E ratio of 1,013.80 and a beta of 1.01.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, October 28th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $276.39 million during the quarter, compared to analysts’ expectations of $271.58 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. Research analysts anticipate that Tenable will post 0.50 EPS for the current fiscal year.

Hedge Funds Weigh In On Tenable

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Tenable by 217.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company’s stock worth $60,000 after acquiring an additional 2,432 shares during the period. Harbor Investment Advisory LLC acquired a new position in Tenable during the second quarter worth about $66,000. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Tenable by 1,021.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,816 shares of the company’s stock worth $66,000 after acquiring an additional 1,654 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Tenable in the 2nd quarter worth $81,000. Finally, KBC Group NV increased its stake in Tenable by 42.1% in the 1st quarter. KBC Group NV now owns 4,897 shares of the company’s stock worth $83,000 after purchasing an additional 1,451 shares in the last quarter. 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: Q3 results exceeded expectations: Tenable reported adjusted earnings of $0.63 per share versus the $0.51 analyst consensus, while revenue increased 9.5% year over year to $276.4 million, above the $271.6 million estimate. Tenable Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Profitability and cash flow improved: Non-GAAP operating margin rose 380 basis points to 27.1%, while operating cash flow was $72.5 million and unlevered free cash flow was $69.4 million. These metrics strengthen the investment case as Tenable grows its exposure-management business. Tenable Reports Third-Quarter Results
• Positive Sentiment: Outlook and product adoption are encouraging: Management raised its full-year 2026 earnings guidance, and the earnings call highlighted record adoption of the Tenable One platform. Quarterly revenue guidance also slightly exceeded expectations. Tenable Q3 Earnings Call Highlights
• Positive Sentiment: Analyst support increased: Needham raised its price target from $36 to $55 and upgraded Tenable to “buy,” implying additional upside from the recent $48.72 reference price. Cantor Fitzgerald also maintained its “buy” rating. Needham Analyst Action
• Neutral Sentiment: Analyst views remain mixed: Truist raised its target from $35 to $45 but retained a “hold” rating, signaling that some analysts believe much of the earnings improvement is already reflected in the share price. Truist Adjusts Tenable Price Target
• Negative Sentiment: Valuation leaves limited room for disappointment: Tenable’s shares are near their 52-week high and carry a very elevated reported P/E ratio, making continued execution and delivery of the raised outlook important for further gains.

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.