Tenable (NASDAQ:TENB) Price Target Raised to $45.00

Tenable (NASDAQ:TENB) had its target price hoisted by equities researchers at Wells Fargo & Company from $38.00 to $45.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 10.40% from the stock’s current price.

Other research analysts have also issued research reports about the company. Jefferies Financial Group lowered their price target on Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Susquehanna lifted their price objective on Tenable from $36.00 to $55.00 and gave the company a “positive” rating in a research note on Thursday. Truist Financial reiterated a “hold” rating and set a $45.00 target price (up from $35.00) on shares of Tenable in a research note on Thursday. DA Davidson set a $44.00 target price on Tenable in a report on Thursday. Finally, Weiss Ratings upgraded Tenable from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Ten research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.25.

Tenable Price Performance

NASDAQ:TENB traded down $1.55 during mid-day trading on Friday, hitting $50.23. 2,599,559 shares of the stock traded hands, compared to its average volume of 3,562,986. The company has a market cap of $5.53 billion, a PE ratio of 385.90 and a beta of 1.01. Tenable has a 12-month low of $15.73 and a 12-month high of $53.22. The business’s 50-day moving average price is $37.69 and its 200 day moving average price is $28.64. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Tenable had a net margin of 1.48% and a return on equity of 20.80%. The firm had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts expect that Tenable will post 0.50 EPS for the current fiscal year.

Hedge Funds Weigh In On Tenable

A number of hedge funds and other institutional investors have recently made changes to their positions in TENB. BlackRock Inc. bought a new stake in shares of Tenable in the second quarter valued at about $498,387,000. Arrowstreet Capital Limited Partnership increased its position in Tenable by 175.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after purchasing an additional 2,375,587 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Tenable in the 2nd quarter valued at about $76,759,000. Freestone Grove Partners LP bought a new stake in shares of Tenable in the 2nd quarter valued at about $42,489,000. Finally, SEB Asset Management AB bought a new stake in shares of Tenable in the 1st quarter valued at about $18,935,000. 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 raised its fourth-quarter 2026 outlook, forecasting adjusted EPS of $0.56-$0.58 versus the $0.42 consensus estimate. Revenue guidance of $277 million-$280 million also modestly exceeds expectations. Tenable Raises Earnings Guidance
• Positive Sentiment: Full-year 2026 adjusted EPS guidance was raised to $2.16-$2.19 from a consensus estimate of $1.69, while revenue guidance of approximately $1.1 billion is in line with expectations. Full-Year Guidance Update
• Positive Sentiment: Third-quarter results exceeded expectations: EPS was $0.63 versus $0.51 expected, and revenue rose 9.5% year over year to $276.4 million, above the $271.6 million consensus. Tenable also reported a 27.1% non-GAAP operating margin and $69.4 million of unlevered free cash flow. Tenable Third-Quarter Results
• Positive Sentiment: Needham, Susquehanna, and Canaccord raised their price targets to $55, $55, and $54, respectively, with bullish or buy-equivalent ratings.
• Neutral Sentiment: JPMorgan, Stephens, and Truist also raised their targets, but retained more cautious ratings; JPMorgan’s $41 target and Truist’s $45 target remain below the stock’s recent trading range.
• Negative Sentiment: Analysts flagged consolidation risk as cybersecurity vendors increasingly bundle products, potentially pressuring Tenable’s standalone demand and pricing. The shares have also risen sharply, increasing the risk of profit-taking and making the stock’s elevated valuation more difficult to justify.

Tenable Company Profile

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.