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Tenable (TENB) Stock Forecast & Price Target

$42.66
-1.52 (-3.44%)
(As of 07/24/2024 ET)

Tenable - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 16 Wall Street analysts who have issued ratings for Tenable in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 2 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for TENB.

Consensus Price Target

$57.40
34.55% Upside
High Forecast$65.00
Average Forecast$57.40
Low Forecast$41.00

According to the 16 analysts' twelve-month price targets for Tenable, the average price target is $57.40. The highest price target for TENB is $65.00, while the lowest price target for TENB is $41.00. The average price target represents a forecasted upside of 34.55% from the current price of $42.66.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
13 Buy rating(s)
13 Buy rating(s)
10 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$57.40$57.20$56.63$48.94
Forecasted Upside34.55% Upside28.04% Upside25.06% Upside18.32% Upside
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TENB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TENB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Tenable Stock vs. The Competition

TypeTenableComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.94
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside34.55% Upside123.48% Upside10.62% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024Baird R W
0 of 5 stars
S. Kothari
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7/15/2024Robert W. Baird
2 of 5 stars
 Initiated CoverageOutperform$55.00+27.73%
6/14/2024Needham & Company LLC
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$62.00 ➝ $62.00+51.96%
5/2/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$65.00+48.74%
4/26/2024Scotiabank
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 Initiated CoverageSector Perform$47.00+3.57%
2/8/2024Susquehanna
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 Boost TargetPositive ➝ Positive$55.00 ➝ $60.00+19.28%
2/7/2024Truist Financial
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 Boost TargetBuy ➝ Buy$50.00 ➝ $60.00+19.64%
2/7/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$55.00 ➝ $60.00+19.76%
2/7/2024Stephens
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 Boost TargetOverweight ➝ Overweight$60.00 ➝ $62.00+19.74%
1/12/2024Westpark Capital
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 UpgradeHold ➝ Buy$65.00+40.60%
1/9/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$46.00 ➝ $60.00+36.96%
11/2/2023Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$47.00 ➝ $41.00+16.05%
11/2/2023Piper Sandler
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 Lower TargetOverweight ➝ Overweight$55.00 ➝ $50.00+41.52%
9/18/2023TD Cowen
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 Initiated CoverageOutperform$55.00+20.59%
9/11/2023JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$51.00 ➝ $56.00+26.64%
9/8/2023Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$60.00 ➝ $63.00+41.48%
7/6/2023UBS Group
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 Initiated CoverageBuy$52.00+21.35%
4/25/2023DA Davidson
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 Lower Target$54.00 ➝ $48.00+5.73%
4/25/2023Stifel Nicolaus
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 Lower Target$53.00 ➝ $47.00+3.52%
10/20/2022Berenberg Bank
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 Initiated CoverageBuy ➝ Hold$32.00-1.75%
10/10/2022BTIG Research
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 DowngradeBuy ➝ Neutral
8/2/2022The Goldman Sachs Group
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 Lower TargetBuy$71.00 ➝ $61.00+56.65%
7/29/2022Wolfe Research
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Joshua Tilton
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Lower TargetOutperform$59.00 ➝ $47.00+22.68%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:14 PM ET.

TENB Forecast - Frequently Asked Questions

What is Tenable's forecast for 2024?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Tenable is $57.40, with a high forecast of $65.00 and a low forecast of $41.00.

Should I buy or sell Tenable stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tenable in the last twelve months. There are currently 2 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TENB shares.

Does Tenable's stock price have much upside?

According to analysts, Tenable's stock has a predicted upside of 28.44% based on their 12-month stock forecasts.

Has Tenable been upgraded by Wall Street analysts recently?

Over the previous 90 days, Tenable's stock had 1 upgrade by analysts.

What analysts cover Tenable?

Tenable has been rated by research analysts at Baird R W, Needham & Company LLC, Robert W. Baird, Scotiabank, and Wedbush in the past 90 days.

Do Wall Street analysts like Tenable more than its competitors?

Analysts like Tenable more than other "computer and technology" companies. The consensus rating score for Tenable is 2.94 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how TENB compares to other companies.


This page (NASDAQ:TENB) was last updated on 7/24/2024 by MarketBeat.com Staff

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