Analyst Reaffirms Buy on Tenable Amid Solid Execution, Raised Guidance and Growing Momentum for Tenable One Platform

Robert W. Baird analyst Shrenik Kothari has maintained their bullish stance on TENB stock, giving a Buy rating on April 27.

Shrenik Kothari has given his Buy rating due to a combination of factors, starting with Tenable’s solid execution and improved outlook. The company posted better‑than‑expected revenue and profitability in the latest quarter, modestly raised full‑year guidance on both sales and earnings, and is maintaining strong free‑cash‑flow and operating margin targets, signaling healthy fundamentals despite slightly slower cRPO and net retention trends.

Kothari also highlights structural growth drivers that can support renewed acceleration, particularly the continued shift toward the Tenable One platform, which now represents a large share of new bookings and is winning sizable competitive takeaways. In addition, flexible pricing, expansion into operational technology, and a rising vulnerability landscape amplified by AI adoption, combined with partnerships and R&D with leading AI model providers, reinforce his view that Tenable is well positioned within exposure management, justifying the Buy rating.

In another report released on April 27, Cantor Fitzgerald also maintained a Buy rating on the stock with a $30.00 price target.