Robert W. Baird analyst Shrenik Kothari has maintained their bullish stance on TENB stock, giving a Buy rating on July 24.
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Shrenik Kothari has given his Buy rating due to a combination of factors including Tenable Holdings’ strong financial performance in the second quarter of 2025. The company reported a significant increase in calculated current billings and total revenue, both of which exceeded expectations. This positive financial momentum was further supported by a notable rise in subscription revenue, which also surpassed consensus estimates.
Additionally, Tenable Holdings raised its full-year guidance for both calculated current billings and revenue, indicating confidence in continued growth. The company also demonstrated strong customer acquisition, adding new enterprise platform customers and net-new six-figure customers. Furthermore, the company’s stock repurchase program and improved operating and free cash flow margins contributed to the positive outlook, reinforcing the Buy recommendation.
Kothari covers the Technology sector, focusing on stocks such as Check Point, Varonis Systems, and Tenable Holdings. According to TipRanks, Kothari has an average return of 26.7% and a 73.11% success rate on recommended stocks.
In another report released on July 24, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $42.00 price target.