Tenable (TENB) Stock Forecast & Price Target

$39.63

-0.33 (-0.83%)

(As of 09/18/2024 ET)

Tenable - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 17 Analyst Ratings

Based on 17 Wall Street analysts who have issued ratings for Tenable in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 4 have given a hold rating, 12 have given a buy rating, and 1 has given a strong buy rating for TENB.

Consensus Price Target

$52.81
33.26% Upside

High Forecast	$65.00
Average Forecast	$52.81
Low Forecast	$40.00

According to the 17 analysts' twelve-month price targets for Tenable, the average price target is $52.81. The highest price target for TENB is $65.00, while the lowest price target for TENB is $40.00. The average price target represents a forecasted upside of 33.26% from the current price of $39.63.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)	11 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$52.81	$53.00	$57.20	$52.20
Forecasted Upside	33.26% Upside	22.58% Upside	28.04% Upside	21.80% Upside

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TENB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TENB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tenable Stock vs. The Competition

Type	Tenable	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.82	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	33.26% Upside	94.65% Upside	7.94% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/13/2024	Needham & Company LLC 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$50.00 ➝ $50.00	+26.58%
8/1/2024	Westpark Capital 1 of 5 stars	C. Ryan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/1/2024	Scotiabank 5 of 5 stars	P. Colville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$47.00 ➝ $44.00	+5.31%
8/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$57.00 ➝ $49.00	+17.93%
8/1/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$60.00 ➝ $55.00	+31.26%
8/1/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$54.00 ➝ $52.00	+25.27%
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8/1/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$57.00 ➝ $53.00	+26.40%
8/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$60.00 ➝ $55.00	+36.58%
8/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$60.00 ➝ $50.00	+24.16%
8/1/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$60.00 ➝ $48.00	+22.54%
8/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$55.00 ➝ $53.00	+15.42%
8/1/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Kessinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$56.00 ➝ $40.00	-12.89%
7/15/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Kothari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/2/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$65.00	+48.74%
2/7/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$60.00 ➝ $62.00	+19.74%
1/9/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$46.00 ➝ $60.00	+36.96%
9/18/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$55.00	+20.59%
9/11/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$51.00 ➝ $56.00	+26.64%
7/6/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$52.00	+21.35%
10/20/2022	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Hold	$32.00	-1.75%
10/10/2022	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:57 PM ET.

TENB Forecast - Frequently Asked Questions

What is Tenable's forecast for 2024?: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Tenable is $52.81, with a high forecast of $65.00 and a low forecast of $40.00.
Should I buy or sell Tenable stock right now?: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tenable in the last twelve months. There are currently 4 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TENB shares.
Does Tenable's stock price have much upside?: According to analysts, Tenable's stock has a predicted upside of 22.87% based on their 12-month stock forecasts.
Has Tenable been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Tenable's stock had 2 downgrades and 1 upgrade by analysts.
What analysts cover Tenable?: Tenable has been rated by research analysts at Baird R W, Barclays, Canaccord Genuity Group, DA Davidson, Needham & Company LLC, Piper Sandler, Robert W. Baird, Scotiabank, Stifel Nicolaus, Susquehanna, Truist Financial, Wells Fargo & Company, and Westpark Capital in the past 90 days.
Do Wall Street analysts like Tenable more than its competitors?: Analysts like Tenable more than other "computer and technology" companies. The consensus rating score for Tenable is 2.82 while the average consensus rating score for "computer and technology" companies is 2.64. Learn more on how TENB compares to other companies.