Tenable Holdings: Positive Growth Outlook and Buy Rating Following Vulcan Cyber Acquisition

Analyst Shrenik Kothari of Robert W. Baird maintained a Buy rating on Tenable Holdings (TENB – Research Report), retaining the price target of $52.00.

Shrenik Kothari has given his Buy rating due to a combination of factors including the recent updates to Tenable Holdings’ financial model estimates following their acquisition of Vulcan Cyber. The updated guidance provided by Tenable Holdings for the first quarter and full year of 2025 reflects positive growth expectations.
Specifically, the company has projected a revenue increase for the first quarter, with a midpoint growth of approximately 8.4% year-over-year. Additionally, the operating income is expected to see a significant improvement, with an operating margin of around 17.5% at the midpoint. For the full year 2025, Tenable Holdings anticipates a continued upward trend, with revenue growth projected at about 8.9% year-over-year at the midpoint. These factors contribute to the positive outlook and support the Buy rating.

Kothari covers the Technology sector, focusing on stocks such as Check Point, CyberArk Software, and Cloudflare. According to TipRanks, Kothari has an average return of 23.8% and a 72.82% success rate on recommended stocks.