Tenable (NASDAQ:TENB) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

by · The Cerbat Gem

Tenable (NASDAQ:TENB – Get Free Report) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $35.00 to $40.00 in a research note issued on Tuesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 19.51% from the stock’s current price.

Other research analysts have also issued reports about the stock. Needham & Company LLC upped their target price on shares of Tenable from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Jefferies Financial Group increased their price target on shares of Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, May 22nd. DA Davidson increased their target price on shares of Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Morgan Stanley set a $27.00 target price on shares of Tenable in a research report on Thursday, April 30th. Finally, Canaccord Genuity Group boosted their price target on shares of Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Tenable has a consensus rating of “Hold” and a consensus target price of $29.42.

View Our Latest Analysis on TENB

Tenable Trading Up 10.8%

Shares of TENB stock opened at $33.47 on Tuesday. Tenable has a 52-week low of $15.73 and a 52-week high of $35.69. The business’s fifty day moving average is $24.74 and its 200 day moving average is $22.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $3.69 billion, a PE ratio of -334.70 and a beta of 0.98.

Tenable (NASDAQ:TENB – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, equities research analysts anticipate that Tenable will post 0.49 EPS for the current fiscal year.

Institutional Trading of Tenable

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Tenable by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after purchasing an additional 465,039 shares during the period. Ameriprise Financial Inc. raised its position in shares of Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after acquiring an additional 713,291 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Tenable by 31.8% during the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after purchasing an additional 1,023,671 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Tenable by 175.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after purchasing an additional 2,375,587 shares in the last quarter. Finally, Shapiro Capital Management LLC boosted its holdings in shares of Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after buying an additional 1,010,230 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Company Profile

(Get Free Report)

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.

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