Tenable (NASDAQ:TENB) Stock Price Target Raised at Needham & Company LLC

Key Points

• Needham raised Tenable’s price target to $55 from $36 and maintained a “Buy” rating, implying approximately 12.9% upside from the reported share price.
• Tenable’s latest quarter exceeded expectations, with revenue up 9.5% year over year to $276.4 million and earnings of $0.63 per share versus the $0.51 consensus estimate.
• Analyst sentiment remains mixed: nine analysts rate the stock a Buy, 12 rate it Hold, and one rates it Sell, resulting in an overall “Hold” consensus and an average price target of $39.50.

Tenable (NASDAQ:TENB - Get Free Report) had its price target upped by equities research analysts at Needham & Company LLC from $36.00 to $55.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's price target suggests a potential upside of 12.89% from the company's current price.

A number of other analysts have also commented on TENB. Jefferies Financial Group reduced their price objective on shares of Tenable from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Thursday, July 30th. Weiss Ratings upgraded Tenable from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Wedbush downgraded Tenable from an "outperform" rating to an "underperform" rating and set a $29.00 price target on the stock. in a research report on Thursday, September 10th. TD Cowen upped their target price on Tenable from $38.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, July 13th. Finally, Susquehanna lifted their price objective on Tenable from $26.00 to $36.00 and gave the company a "positive" rating in a report on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $39.50.

Tenable Stock Performance

TENB opened at $48.72 on Thursday. Tenable has a 1-year low of $15.73 and a 1-year high of $50.21. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50 day moving average price of $37.36 and a two-hundred day moving average price of $28.49. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 974.59 and a beta of 1.01.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Tenable had a return on equity of 14.90% and a net margin of 0.65%. The business had revenue of $276.39 million during the quarter, compared to analysts' expectations of $271.58 million. During the same quarter last year, the business posted $0.42 earnings per share. The company's quarterly revenue was up 9.5% on a year-over-year basis. Research analysts predict 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 added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Tenable by 217.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company's stock valued at $60,000 after buying an additional 2,432 shares during the period. Harbor Investment Advisory LLC bought a new position in Tenable during the second quarter worth about $66,000. Pinnacle Wealth Planning Services Inc. raised its position in shares of Tenable by 1,021.0% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,816 shares of the company's stock valued at $66,000 after purchasing an additional 1,654 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of Tenable during the second quarter worth approximately $81,000. Finally, KBC Group NV grew its holdings in Tenable by 42.1% in the 1st quarter. KBC Group NV now owns 4,897 shares of the company's stock valued at $83,000 after buying an additional 1,451 shares in the last quarter. Institutional investors own 89.06% of the company's stock.

More Tenable News

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable reported third-quarter revenue of $276.4 million, up 9.5% year over year and above the $271.6 million analyst consensus. Adjusted earnings were $0.63 per share, beating expectations of $0.51 and rising from $0.42 a year earlier. Tenable Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Profitability and cash generation improved: GAAP operating margin was 6.0%, while non-GAAP operating margin reached 27.1%, an increase of 380 basis points. Operating cash flow was $72.5 million and unlevered free cash flow was $69.4 million. Tenable also raised its full-year outlook. Tenable Third-Quarter Earnings Results
• Positive Sentiment: Analyst support strengthened before the earnings release, including a continued Buy rating from Cantor Fitzgerald and a positive outlook from Robert W. Baird. Unusually heavy call-option activity and a reported analyst upgrade also contributed to bullish sentiment. Cantor Fitzgerald Buy Rating
• Positive Sentiment: Tenable announced that Atos selected its platform to power a continuous threat exposure management service, supporting the company’s enterprise growth strategy and cybersecurity demand outlook. Tenable Selected by Atos
• Neutral Sentiment: The earnings call and detailed metrics provide additional information for investors to assess whether Tenable can sustain its growth and margin gains. However, the company’s reported GAAP net margin remained low at 0.65%, and the stock’s elevated valuation leaves it sensitive to any slowdown or weaker forward guidance. Tenable Q3 Earnings Call Transcript

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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