Tenable stock price target maintained at $42 by Cantor Fitzgerald

Published 15/08/2025, 14:18
Tenable stock price target maintained at $42 by Cantor Fitzgerald

Investing.com - Cantor Fitzgerald has reiterated an Overweight rating and $42.00 price target on Tenable (NASDAQ:TENB) following the company’s second-quarter 2025 results. According to InvestingPro data, analysts’ consensus price targets suggest a 34% upside potential, with the stock currently trading near its 52-week low of $28.51.

Tenable reported strong second-quarter performance that exceeded consensus expectations across revenue, billings, operating income, and free cash flow. The company’s results were driven by momentum in its Tenable One platform and a shift toward preemptive security solutions. The company maintains impressive gross profit margins of 78% and has achieved revenue growth of 11.4% over the last twelve months.

Following the positive quarterly results, Tenable raised its full-year guidance, citing improved visibility in the public sector, particularly in federal renewals and state, local, and education (SLED) markets.

The Tenable One platform continues to gain traction in the market, accounting for 40% of new business and 30% of total sales during the quarter. The company also demonstrated margin improvements, which Cantor Fitzgerald attributed to strong operating execution.

Cantor Fitzgerald noted that the stock’s post-earnings dip could present an entry opportunity for longer-term investors, though the firm acknowledged that Tenable currently lacks significant near-term catalysts.

In other recent news, Tenable Holdings Inc . reported better-than-expected earnings for the second quarter of 2025. The company’s earnings per share (EPS) reached $0.34, surpassing analysts’ forecasts of $0.30, while revenue hit $247.3 million, exceeding the expected $242.15 million. Following these results, Tenable raised its full-year guidance for both Cloud Consumption Billing and Revenue. Analysts have responded positively to these developments. Needham raised its price target for Tenable to $42.00, maintaining a Buy rating, citing the company’s strong second-quarter performance. Similarly, Scotiabank increased its price target to $37.00, while keeping a Sector Perform rating, noting that current billings were in line with expectations. These adjustments reflect the improved outlook for Tenable as it continues to perform well in its financial metrics.

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