
TENB Stock Forecast & Price Target
TENB Analyst Ratings
Bulls say
Tenable Holdings has demonstrated robust performance with an 8% increase in current billings in the fourth quarter, surpassing consensus expectations. The company also achieved significant growth in its customer base, signing 502 new enterprise customers and reporting a 16% increase in customers generating over $100,000 in annual contract value, underscoring the effectiveness of its Exposure Management Platform. Additionally, the strong contribution from channel partners, which accounted for 94% of revenue, along with improved operating margins for fiscal year 2025, further supports a positive outlook for the company's financial trajectory.
Bears say
Tenable Holdings is experiencing a shift from multi-year billing to annual installment billing, which negatively impacts its Calculated Current Billings (CCB), as management no longer considers CCB a reliable performance indicator. This change, combined with declining gross margins driven by investments in cloud products and infrastructure costs, raises concerns about the company's financial stability. The growing dependence on a single distributor, Ingram Micro, and potential weaknesses in key investor metrics such as CCB growth and Dollar-Based Net Expansion further contribute to the negative outlook for Tenable's stock.
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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