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Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $42.00 price target on Tenable (NASDAQ:TENB), representing a 26% upside from the current price of $33.30, ahead of the company’s second-quarter 2025 earnings report due in 6 days. According to InvestingPro data, the stock currently trades between analyst targets of $28-$45.
The research firm views Tenable as a value play with potential upside driven by the Tenable One platform, strategic mergers and acquisitions, and growing demand for its cloud security offering. The company maintains impressive gross profit margins of 78% and has achieved 11.8% revenue growth over the last twelve months.
Tenable lowered its fiscal year 2025 billings and revenue guidance following its first-quarter results due to macroeconomic pressures and concerns around government spending.
The company maintains a strong federal presence, with approximately 15% of revenue coming from the public sector. Two-thirds of the guidance reduction was attributed to potential public sector softness, while one-third was linked to weaker enterprise spending.
Tenable’s management has not reported signs of deal cancellations, and Cantor Fitzgerald believes the company is setting conservative benchmarks it can exceed throughout the year.
In other recent news, Tenable Holdings Inc . reported first-quarter 2025 earnings that exceeded Wall Street expectations, with earnings per share reaching $0.36 against the anticipated $0.28. The company’s revenue also surpassed forecasts, coming in at $239.1 million compared to the expected $233.73 million. Despite these strong results, several financial firms have adjusted their price targets for Tenable. DA Davidson lowered its target to $28 while maintaining a Neutral rating, citing a less optimistic outlook for 2025. Cantor Fitzgerald reduced its target from $50 to $42 but kept an Overweight rating, noting the company’s robust first-quarter performance. Scotiabank (TSX:BNS) adjusted its target to $30, maintaining a Sector Perform rating, and highlighted concerns about macroeconomic conditions. Meanwhile, Needham cut its target to $35 but continued to recommend buying the stock, acknowledging Tenable’s proactive risk management strategies. These developments reflect a cautious yet varied outlook from analysts regarding Tenable’s future performance.
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