Tenable (NASDAQ:TENB) Stock Price Target Raised at Canaccord Genuity Group

Tenable (NASDAQ:TENB) had its price objective boosted by stock analysts at Canaccord Genuity Group from $36.00 to $54.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group‘s price target points to a potential upside of 4.29% from the company’s previous close.

Several other research analysts have also issued reports on TENB. Scotiabank reaffirmed an “outperform” rating and set a $60.00 target price on shares of Tenable in a research report on Thursday. Wedbush boosted their target price on shares of Tenable from $29.00 to $35.00 and gave the company an “underperform” rating in a research report on Thursday. Cantor Fitzgerald set a $53.00 price target on shares of Tenable in a report on Thursday. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Finally, Stifel Nicolaus increased their price target on Tenable from $31.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.90.

Tenable Stock Up 6.3%

NASDAQ TENB traded up $3.06 during trading on Thursday, reaching $51.78. 7,167,897 shares of the company’s stock traded hands, compared to its average volume of 3,568,276. The company’s 50 day simple moving average is $37.36 and its two-hundred day simple moving average is $28.49. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 1,035.81 and a beta of 1.01. Tenable has a 12-month low of $15.73 and a 12-month high of $52.55.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Tenable had a return on equity of 14.90% and a net margin of 0.65%. The business had revenue of $276.39 million for the quarter, compared to the consensus estimate of $271.58 million. During the same period last year, the business posted $0.42 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Tenable will post 0.50 EPS for the current fiscal year.

Hedge Funds Weigh In On Tenable

A number of hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Tenable during the third quarter worth about $1,829,000. Vise Technologies Inc. raised its position in Tenable by 25.2% in the third quarter. Vise Technologies Inc. now owns 23,516 shares of the company’s stock valued at $856,000 after purchasing an additional 4,735 shares during the period. Arta Finance Wealth Management LLC acquired a new position in Tenable in the third quarter valued at about $222,000. Hanseatic Management Services Inc. purchased a new position in shares of Tenable during the third quarter worth $1,095,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Tenable by 1,021.0% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,816 shares of the company’s stock valued at $66,000 after purchasing an additional 1,654 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Key Tenable News

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Tenable reported adjusted EPS of $0.63, above the $0.51 consensus estimate, while revenue increased 9.5% year over year to $276.4 million, topping expectations of $271.6 million. Non-GAAP operating margin rose to 27.1%, and operating cash flow reached $72.5 million. Tenable Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its full-year earnings outlook. The improved guidance reinforces investor confidence that Tenable’s profitability and cash generation are strengthening. The company also highlighted record adoption of its Tenable One platform. Tenable Raises 2026 Earnings Guidance
• Positive Sentiment: Analyst sentiment improved. Needham and Susquehanna raised their price targets to $55 and assigned Buy and Positive ratings, respectively. Stephens also lifted its target substantially to $48, while Truist raised its target to $45. Analyst Price-Target Changes
• Neutral Sentiment: JPMorgan raised its target to $41 and retained an Overweight rating, but the target remains below the stock’s recent trading level. This signals confidence in the business while suggesting limited near-term upside at the current valuation. JPMorgan Raises Tenable Price Target
• Negative Sentiment: Risks are rising after the sharp rally. Commentary points to potential cybersecurity-vendor consolidation and product bundling, while another analysis questions whether TENB can remain undervalued after its substantial advance. These concerns could limit further gains or increase volatility. Wedbush Discusses 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.