Forecasting The Future: 8 Analyst Projections For Tenable Holdings
Analysts' ratings for Tenable Holdings (NASDAQ:TENB) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 2 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Tenable Holdings, revealing an average target of $60.88, a high estimate of $65.00, and a low estimate of $47.00. This current average represents a 2.98% decrease from the previous average price target of $62.75.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Tenable Holdings's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mike Cikos | Needham | Maintains | Buy | $62.00 | $62.00 |
| Mike Cikos | Needham | Maintains | Buy | $62.00 | $62.00 |
| Mike Cikos | Needham | Maintains | Buy | $62.00 | $62.00 |
| Daniel Ives | Wedbush | Maintains | Outperform | $65.00 | $65.00 |
| Patrick Colville | Scotiabank | Announces | Sector Perform | $47.00 | - |
| Mike Cikos | Needham | Maintains | Buy | $62.00 | - |
| Daniel Ives | Wedbush | Maintains | Outperform | $65.00 | - |
| Mike Cikos | Needham | Maintains | Buy | $62.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Tenable Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Tenable Holdings compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Tenable Holdings's stock. This examination reveals shifts in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Tenable Holdings's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Tenable Holdings analyst ratings.
About Tenable Holdings
Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.
Tenable Holdings's Economic Impact: An Analysis
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Tenable Holdings's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 14.36%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Tenable Holdings's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -6.66%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Tenable Holdings's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -4.08%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Tenable Holdings's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.91%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.14.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.