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Tenable Holdings: Strong Financial Performance and Strategic Advancements Justify Buy Rating

Tenable Holdings: Strong Financial Performance and Strategic Advancements Justify Buy Rating

TD Cowen analyst Shaul Eyal has reiterated their bullish stance on TENB stock, giving a Buy rating yesterday.

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Shaul Eyal has given his Buy rating due to a combination of factors including Tenable Holdings’ strong financial performance and strategic advancements. The company reported a 12% year-over-year increase in revenue for the second quarter of 2025, surpassing market expectations. Additionally, Tenable’s Calculated Current Billings rose by 8%, also exceeding consensus estimates.
The success of the Tenable One platform, which accounted for 40% of new business, highlights its competitive edge and ability to drive larger deals. The platform’s adoption is a key factor in the company’s growth, as it offers unified visibility and improved risk management. Furthermore, Tenable’s expansion in various sectors, including data centers and public sectors, underscores its robust market position, despite some challenges in the federal vertical. These elements collectively support the Buy rating and the $45 target price.

Eyal covers the Technology sector, focusing on stocks such as Check Point, Varonis Systems, and Cloudflare. According to TipRanks, Eyal has an average return of 27.1% and a 69.66% success rate on recommended stocks.

In another report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $42.00 price target.

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