
TENB Stock Forecast & Price Target
TENB Analyst Ratings
Bulls say
Tenable Holdings demonstrated strong financial performance in its fourth quarter, with current billings increasing by 8%, surpassing consensus expectations, and securing 502 new enterprise customers—an improvement from the previous quarters. The company's robust growth in its Exposure Management Platform, which has led to larger deal sizes and a 16% increase in customers generating over $100,000 in annual contract value, highlights its effective market strategy. Additionally, a significant portion of revenue growth can be attributed to channel partners, who contributed 94% of total revenue in fiscal year 2024, further supporting a positive outlook for the company's scaling capabilities and operational margins in FY 2025.
Bears say
Tenable Holdings is facing a negative outlook primarily due to a shift from multi-year to annual installment billing, which has led to management's decision to no longer view Calculated Current Billings (CCB) as a reliable performance indicator, thereby clouding revenue growth visibility. The company's Gross Margins have been declining, attributed to substantial investments in cloud products and rising third-party cloud infrastructure costs, further hampering financial performance. Additionally, key investor metrics such as CCB growth and Dollar-Based Net Expansion are projected to weaken, which may adversely affect investor sentiment and the company's overall valuation.
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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