Needham & Company LLC Forecasts Strong Price Appreciation for Tenable (NASDAQ:TENB) Stock

Tenable (NASDAQ:TENB) had its price target raised by Needham & Company LLC from $30.00 to $36.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 14.36% from the company’s previous close.

TENB has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price target on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded shares of Tenable from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 9th. UBS Group lowered shares of Tenable from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Friday, July 24th. TD Cowen increased their price target on Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Piper Sandler downgraded Tenable from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $35.00 to $30.00 in a report on Thursday. Eight 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.74.

Tenable Trading Up 0.4%

TENB opened at $31.48 on Thursday. The company’s 50 day moving average price is $31.81 and its two-hundred day moving average price is $24.49. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of -314.80 and a beta of 0.93. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $43.67. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85.

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

Hedge Funds Weigh In On Tenable

Several large investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB boosted its stake in Tenable by 11.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 34,700 shares of the company’s stock valued at $1,280,000 after purchasing an additional 3,700 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Tenable by 18.5% in the second quarter. Fulton Bank N.A. now owns 13,804 shares of the company’s stock worth $509,000 after purchasing an additional 2,159 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Tenable by 36.2% in the second quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock valued at $93,000 after purchasing an additional 671 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Tenable in the second quarter valued at approximately $66,000. Finally, Pacer Advisors Inc. boosted its position in shares of Tenable by 31.5% during the first quarter. Pacer Advisors Inc. now owns 498,647 shares of the company’s stock valued at $8,435,000 after buying an additional 119,570 shares during 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: Q2 results exceeded expectations. Tenable reported adjusted earnings of $0.51 per share, above the $0.47 consensus estimate, while revenue rose 8.6% year over year to $268.5 million, topping expectations of $264.9 million. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Profitability and cash flow improved. Non-GAAP operating margin expanded by 540 basis points to 24.7%, while operating cash flow reached $44.7 million and unlevered free cash flow was $45.3 million. These figures support the investment case by indicating better operating leverage. Tenable Q2 Earnings Snapshot
• Positive Sentiment: Full-year earnings guidance was raised above analyst expectations. Tenable forecast fiscal 2026 adjusted EPS of $1.95–$2.00, compared with the $1.66 consensus. Third-quarter EPS guidance of $0.49–$0.52 also exceeded the $0.42 consensus, although projected revenue of $270–$273 million was broadly in line with estimates.
• Positive Sentiment: AI product momentum may support future growth. Tenable launched Always On Hexa AI, an autonomous exposure-remediation offering, adding to its agentic and AI capabilities in the cybersecurity market. Tenable Launches Always On Hexa AI
• Neutral Sentiment: Analyst sentiment remains cautious. Wells Fargo assigned Tenable a Hold rating, which could limit upside enthusiasm despite the earnings beat. Tenable Receives a Hold from Wells Fargo
• Negative Sentiment: Revenue growth remains moderate. While earnings guidance was substantially above consensus, full-year revenue guidance was approximately in line with analyst expectations, suggesting the outlook improvement is being driven more by margins and cost efficiency than accelerating sales.

About Tenable

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.