Robert W. Baird Forecasts Strong Price Appreciation for Tenable (NASDAQ:TENB) Stock

Key Points

• Robert W. Baird raised Tenable’s price target from $41 to $50 and maintained an “outperform” rating, implying 12.13% upside from the prior close.
• Analyst sentiment remains mixed: Tenable has nine Buy, twelve Hold, and one Sell rating, with a consensus target price of $36.40.
• Tenable exceeded quarterly earnings and revenue expectations, reporting $0.51 EPS and $268.51 million in revenue, while institutional investors and hedge funds own 89.06% of the stock.

Tenable (NASDAQ:TENB - Get Free Report) had its price objective lifted by investment analysts at Robert W. Baird from $41.00 to $50.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 12.13% from the stock's previous close.

Several other brokerages also recently weighed in on TENB. Scotiabank upgraded shares of Tenable from a "sector perform" rating to a "sector outperform" rating and set a $50.00 target price for the company in a research note on Monday, July 6th. Jefferies Financial Group lowered their target price on Tenable from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Thursday, July 30th. Piper Sandler lowered Tenable from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $35.00 to $30.00 in a research report on Thursday, July 30th. Wedbush lowered Tenable from an "outperform" rating to an "underperform" rating and set a $29.00 target price on the stock. in a research report on Thursday, September 10th. Finally, Susquehanna boosted their price target on Tenable from $26.00 to $36.00 and gave the stock a "positive" rating in a research note on Thursday, July 30th. Nine 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 stock. According to data from MarketBeat.com, Tenable currently has an average rating of "Hold" and a consensus target price of $36.40.

Tenable Stock Performance

Tenable stock opened at $44.59 on Monday. The stock's 50 day moving average price is $36.57 and its 200 day moving average price is $31.42. The firm has a market capitalization of $4.91 billion, a PE ratio of 891.98 and a beta of 1.01. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. Tenable has a one year low of $15.73 and a one year high of $44.72.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%. The firm had revenue of $268.51 million during the quarter, compared to analysts' expectations of $264.87 million. During the same quarter in the prior year, the business earned $0.34 EPS. Tenable's quarterly 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. As a group, sell-side 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 have recently bought and sold shares of TENB. Krilogy Financial LLC boosted its holdings in Tenable by 2.6% during the third quarter. Krilogy Financial LLC now owns 12,521 shares of the company's stock worth $456,000 after purchasing an additional 317 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Tenable by 20.6% in the third quarter. Nisa Investment Advisors LLC now owns 2,559 shares of the company's stock worth $93,000 after acquiring an additional 437 shares during the period. Allworth Financial LP boosted its stake in Tenable by 25.6% in the second quarter. Allworth Financial LP now owns 2,838 shares of the company's stock valued at $105,000 after acquiring an additional 579 shares during the last quarter. GAMMA Investing LLC grew its holdings in Tenable by 36.2% during the second quarter. GAMMA Investing LLC now owns 2,524 shares of the company's stock valued at $93,000 after purchasing an additional 671 shares during the period. Finally, Fulton Bank N.A. increased its position in Tenable by 7.0% in the first quarter. Fulton Bank N.A. now owns 11,645 shares of the company's stock worth $197,000 after buying an additional 758 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

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.

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