Analyst Lifts Tenable Price Target to $43 and Maintains Buy on Strong Exposure Management Positioning and Tenable One Growth

Analyst Shrenik Kothari of Robert W. Baird maintained a Buy rating on Tenable Holdings, boosting the price target to $43.00.

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Shrenik Kothari has given his Buy rating due to a combination of factors, including Tenable’s strong positioning in exposure management and attractive relative valuation versus cybersecurity peers. He highlights that partner checks and top-of-funnel demand, particularly around AI-driven vulnerability prioritization and remediation, point to a healthier second-half pipeline, even as the recent share price rally raises the bar for near-term execution.

Kothari also points to Tenable One as a key long-term growth driver, already accounting for over a third of sales and delivering higher ACV, longer contract duration, and greater expansion than non-platform customers. In addition, he underscores early traction in HexaAI, solid expected billings and margin performance, and a constructive fundamental outlook, and therefore lifts his price target from $34 to $43 while maintaining a Buy recommendation despite a more balanced near-term risk/reward profile.

In another report released on July 13, TD Cowen also assigned a Buy rating to the stock with a $44.00 price target.