Tenable (NASDAQ:TENB) Price Target Raised to $36.00 at Canaccord Genuity Group

Tenable (NASDAQ:TENB) had its target price boosted by analysts at Canaccord Genuity Group from $30.00 to $36.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 17.31% from the company’s current price.

A number of other brokerages have also recently commented on TENB. Wall Street Zen cut shares of Tenable from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 24th. Scotiabank raised Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price objective for the company in a research note on Monday, July 6th. Wells Fargo & Company decreased their target price on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday. Robert W. Baird set a $34.00 price target on shares of Tenable in a research report on Thursday, April 30th. Finally, TD Cowen boosted their price objective on shares of Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Eight investment analysts have rated the stock with a Buy rating, twelve have issued 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 $35.21.

Tenable Price Performance

Shares of Tenable stock traded down $0.79 during trading on Thursday, hitting $30.69. The stock had a trading volume of 3,680,106 shares, compared to its average volume of 3,251,737. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of -309.93 and a beta of 0.93. Tenable has a 12 month low of $15.73 and a 12 month high of $43.67. The business’s 50-day moving average is $31.81 and its 200 day moving average is $24.49. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $268.51 million during the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. 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 anticipate that Tenable will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On Tenable

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new position in Tenable during the 3rd quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Tenable during the fourth quarter worth about $28,000. Signaturefd LLC increased its holdings in shares of Tenable by 312.9% during the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after acquiring an additional 948 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Tenable in the 4th quarter valued at approximately $38,000. Finally, Horizon Investments LLC acquired a new position in Tenable during the 3rd quarter valued at approximately $45,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Tenable reported Q2 adjusted EPS of $0.51, above the $0.47 consensus, while revenue reached $268.5 million, topping estimates of $264.9 million and increasing 8.6% year over year. Non-GAAP operating margin improved to 24.7%, up 540 basis points, and operating cash flow was $44.7 million. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its earnings outlook. Tenable projected Q3 EPS of $0.49-$0.52, well above the $0.42 analyst estimate, and lifted full-year 2026 EPS guidance to $1.95-$2.00 versus consensus of $1.66. The outlook reflects record adoption of Tenable One, customer expansion and continued AI-related momentum. TENB Q2 Earnings Beat on Tenable One Momentum, Outlook Raised
• Positive Sentiment: Needham turned more bullish. The firm raised its TENB price target from $30 to $36 and assigned a “buy” rating, citing potential upside following the earnings report. Needham Raises Tenable Price Target
• Negative Sentiment: Wells Fargo lowered its price target and maintained a neutral view. The firm cut its target from $43 to $35 and assigned an “equal weight” rating. Although the new target remains above the recent trading level, the reduction signals caution and may offset optimism from the earnings beat and Needham upgrade. Wells Fargo Lowers Tenable Price Target

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.