Shaul Eyal, an analyst from TD Cowen, reiterated the Buy rating on Tenable Holdings (TENB – Research Report). The associated price target was lowered to $50.00.
Shaul Eyal has given his Buy rating due to a combination of factors that highlight Tenable Holdings’ strong market position and growth potential. The company is expected to deliver results in line with expectations for the first quarter of 2025, driven by consistent demand for security solutions, particularly in cloud and exposure management. Despite increased competition in the vulnerability management sector, Tenable’s recent acquisition of Vulcan and its FedRAMP authorization are seen as positive developments that enhance its competitive edge.
Additionally, anecdotal feedback from value-added resellers indicates that Tenable has outperformed its quarterly quotas, suggesting robust business performance. The company’s guidance for the fiscal year 2025 remains solid, with anticipated revenue growth and stable earnings per share. While the broader market has experienced valuation contractions, Tenable’s strategic initiatives and market momentum support the Buy rating, even as the price target is adjusted to reflect current market conditions.
According to TipRanks, Eyal is a top 25 analyst with an average return of 22.5% and a 63.73% success rate. Eyal covers the Technology sector, focusing on stocks such as Check Point, Cloudflare, and Fortinet.
In another report released on March 31, Truist Financial also maintained a Buy rating on the stock with a $45.00 price target.