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

Key Points

• Wells Fargo raised Tenable’s price target from $38 to $45 while maintaining an “equal weight” rating, implying 10.4% downside from the $50.23 share price. The consensus target is $46.25, with analysts overall maintaining a “Hold” rating.
• Tenable’s latest results exceeded expectations, with EPS of $0.63 versus $0.51 expected and revenue up 9.5% year over year to $276.4 million. The company also raised its 2026 adjusted EPS outlook to $2.16–$2.19.
• Analysts cited potential risks from cybersecurity-product consolidation, elevated valuation and possible profit-taking after the sharp share-price rally. Institutional investors own approximately 89.1% of Tenable’s stock.

Tenable (NASDAQ:TENB - Get Free Report) had its price objective upped by equities researchers at Wells Fargo & Company from $38.00 to $45.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential downside of 10.40% from the stock's current price.

Other analysts have also recently issued reports about the stock. Piper Sandler lifted their target price on shares of Tenable from $30.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday. Stephens reaffirmed a "positive" rating on shares of Tenable in a research report on Thursday. Wedbush raised their price objective on Tenable from $29.00 to $35.00 and gave the stock an "underperform" rating in a research report on Thursday. Canaccord Genuity Group upped their target price on shares of Tenable from $36.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their price objective on Tenable from $31.00 to $48.00 and gave the company a "hold" rating in a report on Thursday. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Tenable currently has an average rating of "Hold" and a consensus price target of $46.25.

Tenable Trading Down 3.0%

Shares of NASDAQ TENB traded down $1.55 during mid-day trading on Friday, hitting $50.23. 2,599,559 shares of the company traded hands, compared to its average volume of 3,562,986. Tenable has a 1 year low of $15.73 and a 1 year high of $53.22. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 385.90 and a beta of 1.01. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. The business has a 50 day moving average of $37.69 and a two-hundred day moving average of $28.64.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.12. Tenable had a return on equity of 20.80% and a net margin of 1.48%. The business had revenue of $276.39 million during the quarter, compared to analyst estimates of $271.58 million. During the same quarter last year, the company posted $0.42 EPS. Tenable's revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Tenable will post 0.50 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Tenable during the second quarter worth $498,387,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Tenable by 175.1% in 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 last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Tenable in the 2nd quarter worth about $76,759,000. Freestone Grove Partners LP bought a new stake in shares of Tenable in the 2nd quarter valued at $42,489,000. Finally, SEB Asset Management AB acquired a new stake in shares of Tenable in the 1st quarter valued at about $18,935,000. Institutional investors and hedge funds 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.

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.

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