In a report released today, Shaul Eyal from TD Cowen reiterated a Buy rating on Tenable Holdings, with a price target of $45.00.
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Shaul Eyal has given his Buy rating due to a combination of factors influencing Tenable Holdings. The company is expected to see an 8% year-over-year increase in calculated billings for the third quarter of 2025, driven by clients’ ongoing efforts to enhance operational technology across various sectors. Additionally, Tenable’s revenue is projected to grow by 10% year-over-year, with the adoption of the Tenable One platform contributing significantly to new sales.
Despite potential challenges posed by the US government shutdown, which could impact federal renewals, Tenable’s strong position in the vulnerability management space remains a key factor. The company’s superior scanner architecture allows for broader and deeper coverage of the attack surface, giving it an edge over competitors. While new competition is emerging in the market, Tenable’s ability to maintain its market share and deliver consistent performance supports the Buy rating.
Eyal covers the Technology sector, focusing on stocks such as Palo Alto Networks, Fortinet, and Okta. According to TipRanks, Eyal has an average return of 26.4% and a 69.22% success rate on recommended stocks.