
TENB Stock Forecast & Price Target
TENB Analyst Ratings
Bulls say
Tenable Holdings has demonstrated a significant increase in average selling price (ASP) due to its Tenable One solution, with a price uplift of 20%-25% per asset compared to standalone vulnerability management offerings. The company has also shown solid operating margin expansion and a consistent reliance on channel partners, which accounted for 93% of total revenue in 2023, indicating a stable revenue-generating framework. With the potential for faster-than-expected revenue growth driven by customer acquisition and effective cross-sell strategies, Tenable's financial outlook appears favorable.
Bears say
Tenable Holdings has faced declining gross margins since its IPO, primarily due to substantial investments in cloud products and rising costs associated with third-party cloud infrastructure. The company has also experienced a significant slowdown in key growth metrics, with year-over-year growth rates falling from a previous range of 20%-30% to the teens in FY23, which raises concerns about the sustainability of its revenue streams. Additionally, reliance on Ingram Micro as a distributor has decreased, with its contribution to sales dropping from 39% in 2021 to 36% in 2023, indicating a potential weakening in customer acquisition and retention.
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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