TD Cowen analyst Shaul Eyal has maintained their bullish stance on TENB stock, giving a Buy rating yesterday.
Shaul Eyal has given his Buy rating due to a combination of factors that highlight Tenable Holdings’ strong performance and potential for future growth. Despite adjusting the price target to $45 from $50, the company exceeded expectations in the first quarter of 2025 across all key metrics, including revenue, calculated current billings, and gross margin. This performance underscores the company’s ability to secure significant contracts, particularly in cloud security, and maintain a competitive edge over legacy and emerging competitors.
Furthermore, Eyal notes that while macroeconomic uncertainties, particularly in the U.S. public sector, have influenced short-term visibility, the company’s strategic initiatives in cloud security and potential opportunities arising from industry shifts, such as the GOOG-Wiz acquisition, provide a long-term growth outlook. Management’s proactive approach in expanding beyond traditional vulnerability management into new growth areas is seen as a positive move, suggesting that current challenges are temporary and manageable. As a result, Eyal maintains a Buy rating, confident in the company’s ability to navigate the current environment and capitalize on emerging opportunities.
In another report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $40.00 price target.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TENB in relation to earlier this year.