Tenable (NASDAQ:TENB) Price Target Raised to $41.00

Tenable (NASDAQ:TENB) had its price objective lifted by JPMorgan Chase & Co. from $40.00 to $41.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also issued reports on TENB. Jefferies Financial Group dropped their price target on Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Cantor Fitzgerald lifted their price objective on Tenable from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on Tenable from $31.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday. Stephens reissued a “positive” rating on shares of Tenable in a research note on Thursday. Finally, Needham & Company LLC upped their target price on Tenable from $36.00 to $55.00 and gave the company a “buy” rating in a report on Thursday. Ten analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.25.

Tenable Stock Performance

TENB opened at $50.75 on Thursday. The firm has a market capitalization of $5.59 billion, a PE ratio of 390.41 and a beta of 1.01. Tenable has a twelve month low of $15.73 and a twelve month high of $53.22. The firm’s 50-day moving average price is $38.02 and its 200 day moving average price is $28.77. 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 announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $276.39 million during the quarter, compared to analysts’ expectations of $271.58 million. Tenable had a net margin of 1.48% and a return on equity of 28.72%. Tenable’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. As a group, sell-side analysts expect that Tenable will post 0.58 EPS for the current fiscal year.

Institutional Trading of Tenable

Several institutional investors have recently added to or reduced their stakes in the stock. Firetrail Investments PTY Ltd. purchased a new stake in Tenable during the 2nd quarter worth approximately $8,389,000. Bank of America Corp DE acquired a new stake in Tenable during the 2nd quarter worth approximately $30,884,000. Dimensional Fund Advisors LP boosted its position in Tenable by 231.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock valued at $13,827,000 after buying an additional 570,760 shares during the period. Wellington Management Group LLP purchased a new position in Tenable in the 2nd quarter valued at approximately $6,357,000. Finally, BlackRock Inc. purchased a new position in Tenable in the 2nd quarter valued at approximately $498,387,000. 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 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

Tenable Company Profile

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.