
TENB Stock Forecast & Price Target
TENB Analyst Ratings
Bulls say
Tenable Holdings is positioned for positive performance based on its anticipated revenue growth driven by customer acquisition and increased cross-selling opportunities within its existing client base. The company's reliance on channel partners, which contributed 93% of CY2023 revenue, reflects a solid distribution strategy that enhances market penetration. Furthermore, with updated guidance indicating an increase in billings and revenue forecasts for the upcoming year, Tenable demonstrates resilience and strategic growth capabilities in the cybersecurity sector.
Bears say
Tenable Holdings has exhibited declining gross margins since its IPO, primarily due to investments in cloud products and the increasing costs associated with third-party cloud infrastructure. Key metrics, such as Calculated Current Billings growth, Dollar-Based Net Expansion, and Enterprise Platform Customer Count, show signs of potential faltering, which may negatively impact investor sentiment and the stock's valuation. Furthermore, sales contributions from Ingram Micro, a significant distributor, have decreased over the past three years, indicating possible weakening demand and market presence.
This aggregate rating is based on analysts' research of Tenable Holdings Inc and is not a guaranteed prediction by Public.com or investment advice.
TENB Analyst Forecast & Price Prediction
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