William Blair analyst Jonathan Ho has maintained their bullish stance on TENB stock, giving a Buy rating today.
Jonathan Ho has given his Buy rating due to a combination of factors including Tenable Holdings’ strong quarterly performance and strategic initiatives. The company reported impressive growth in current calculated billings and revenue, both surpassing market expectations. This was largely driven by the success of the Tenable One exposure management platform, which facilitated larger deals and increased sales opportunities.
Despite some challenges, such as reduced guidance for 2025 due to federal sector uncertainties, Tenable’s strategic acquisition of Vulcan Cyber and its focus on cloud and exposure management are seen as positive long-term moves. The company’s ability to deliver strong operating leverage and free cash flow growth while investing in growth areas is not yet fully recognized by the market, according to Ho. These factors contribute to his optimistic outlook and Buy rating for the stock.
Ho covers the Technology sector, focusing on stocks such as CyberArk Software, Check Point, and Palo Alto Networks. According to TipRanks, Ho has an average return of 10.8% and a 48.89% success rate on recommended stocks.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $45.00 price target.