Update shared on 27 Oct 2025
Fair value Decreased 2.90%Tenable Holdings’ analyst price target has been revised downward from $39.95 to $38.79. This change reflects recent model updates by analysts following mixed signals from earnings previews and expectations for revenue growth and profitability.
Analyst Commentary
Recent analyst updates reflect a mix of optimism and caution surrounding Tenable Holdings' performance and outlook. The following summarizes current perspectives on the company's valuation, execution, and future growth prospects.
Bullish Takeaways- Bullish analysts highlighted solid Q2 results, with both revenue and free cash flow exceeding consensus expectations.
- Strong performance in key product areas, such as Tenable One and Exposure Management, contributed to quarterly momentum.
- Several analysts raised their price targets, reflecting increased confidence in Tenable's growth trajectory, particularly following a "beat and raise" quarter.
- The company demonstrated the ability to execute effectively. This has driven operational improvements and supported an upward revision of certain valuations.
- Some analysts revised their price targets downward and cited caution around mixed signals in recent earnings previews.
- Concerns remain around the sustainability of revenue growth and long-term profitability, with the need to monitor upcoming quarters for consistent performance.
- There is a degree of uncertainty around the pace of adoption for new products and solutions, which impacts the overall outlook.
- Valuation adjustments reflect both near-term execution risks and broader market volatility. This has prompted a more measured stance from select firms.
What's in the News
- Matthew Brown appointed as Chief Financial Officer, effective August 21, 2025. He will succeed Steve Vintz, who has become Co-Chief Executive Officer (Key Developments).
- Tenable introduces Tenable AI Exposure, a comprehensive solution for managing the risks introduced by generative AI across enterprise platforms. The solution is currently in private preview, with general availability expected by the end of 2025 (Key Developments).
- The company has repurchased 2,003,000 shares, completing the buyback of over 6.28 million shares for a total of $239.94 million under its ongoing repurchase program (Key Developments).
- Tenable One Exposure Management Platform has surpassed 300 validated integrations, reinforcing its status as the most open and interconnected exposure management platform for security data and analytics (Key Developments).
- Updated earnings guidance for Q3 2025 includes expected revenue between $246 million and $248 million. The full-year guidance projects revenue of $981 million to $987 million and net losses in the $45.4 million to $55.4 million range (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has decreased from $39.95 to $38.79, a modest reduction.
- Discount Rate has risen slightly, from 8.74% to 8.76%.
- Revenue Growth expectations have edged down marginally, from 8.77% to 8.76%.
- Net Profit Margin is projected to improve, increasing from 2.76% to 2.87%.
- Future P/E ratio has fallen from 188.6x to 176.5x, reflecting a lower valuation multiple.
Disclaimer
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