Tenable Holdings, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Mike Cikos from Needham maintained a Buy rating on the stock and has a $42.00 price target.
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Mike Cikos has given his Buy rating due to a combination of factors that highlight Tenable Holdings’ strong performance and future potential. The company exceeded expectations for the second quarter of 2025 and subsequently raised its guidance for the year, both in terms of current contract bookings and revenue. A key driver of this performance was the U.S. Public Sector, where Tenable secured significant contracts and demonstrated better-than-expected results.
Furthermore, management expressed increased confidence in securing large U.S. Federal renewals in the latter half of 2025, despite some ongoing challenges with federal spending. Additionally, Tenable’s Exposure Solutions segment, which constitutes a substantial portion of total sales, is experiencing robust growth. These factors collectively contribute to a positive outlook for the company, justifying the Buy rating.
Cikos covers the Technology sector, focusing on stocks such as Zscaler, Cognyte Software, and Cellebrite DI. According to TipRanks, Cikos has an average return of 13.1% and a 55.78% success rate on recommended stocks.