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

Tenable (NASDAQ:TENB) had its price target upped by Wells Fargo & Company from $38.00 to $45.00 in a research note published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also recently issued reports on TENB. Stifel Nicolaus raised their price objective on Tenable from $31.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday. Piper Sandler boosted their target price on Tenable from $30.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Tenable from $40.00 to $41.00 and gave the company an “overweight” rating in a 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, UBS Group restated a “hold” rating on shares of Tenable in a research report on Thursday. Ten analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $46.25.

Tenable Stock Performance

NASDAQ TENB opened at $50.75 on Friday. The company has a fifty day simple moving average of $38.02 and a two-hundred day simple moving average of $28.77. The stock has a market cap of $5.59 billion, a P/E ratio of 390.41 and a beta of 0.89. Tenable has a 12-month low of $15.73 and a 12-month high of $53.22. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last posted its quarterly 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. The firm had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. Tenable had a return on equity of 28.72% and a net margin of 1.48%. Tenable’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, analysts forecast that Tenable will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Tenable in the second quarter valued at $498,387,000. Arrowstreet Capital Limited Partnership grew its position in Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after buying an additional 2,375,587 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Tenable in the 2nd quarter worth $76,759,000. Renaissance Technologies LLC lifted its position in Tenable by 140.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,260,100 shares of the company’s stock worth $21,315,000 after buying an additional 736,800 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Tenable in the 2nd quarter valued at about $42,489,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable reported third-quarter EPS of $0.63, above the $0.51 consensus estimate, while revenue of $276.4 million also exceeded expectations and increased 9.5% year over year. Tenable Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: The company raised fourth-quarter guidance to EPS of $0.56–$0.58 and revenue of $277 million–$280 million, ahead of consensus estimates of $0.42 and $276.5 million, respectively. Full-year 2026 EPS guidance was raised to $2.16–$2.19 versus the $1.69 consensus, providing the strongest near-term catalyst. Tenable Raises 2026 Earnings Guidance
• Positive Sentiment: Needham and Susquehanna raised their price targets to $55 and maintained positive or buy-equivalent ratings. Canaccord also increased its target to $54 and assigned a buy rating, reflecting optimism about earnings momentum and Tenable One adoption. Tenable Guidance Announcement
• Neutral Sentiment: Analysts continue to lift targets following the earnings report, but Stephens reaffirmed a hold rating and Wells Fargo maintained equal weight. Their targets of $48 and $45 remain below the recent trading level, signaling more cautious views despite the upward revisions. Stephens Reaffirms Hold Rating
• Negative Sentiment: Wedbush warned that vendor bundling and potential cybersecurity-industry consolidation could pressure Tenable’s competitive position. Commentary also notes that the stock has already experienced a substantial rally, increasing valuation and profit-taking concerns. Tenable Faces Consolidation Risk

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.