TENB Price Prediction Next Week
Technical Analysis: TENB closed at $38.37 on Friday with a trading volume of 1,458,985 shares. The stock is currently showing bearish signals based on technical indicators:
- RSI (14) at 36.60 indicates approaching oversold territory
- MACD is negative at -0.74 with bearish divergence
- Stock trading below all major moving averages (5,10,20,60,200-day)
- Bollinger Bands show price near lower band (35.25), suggesting potential oversold conditions
News & Fundamental Analysis: Recent key developments:
- Company completed Vulcan Cyber acquisition and updated 2025 guidance
- Q1 2025 EPS guidance of $0.26-$0.27, below consensus of $0.29
- FY2025 revenue guidance raised to $975M-$985M from previous $971M-$981M
- Multiple analysts have raised price targets:
- Barclays: $48 (from $45)
- DA Davidson: $45 (from $40)
- Baird: $52 (from $50)
Price Prediction for Next Week: Based on Fibonacci levels and technical indicators:
- Support levels: $38.55, $37.90, $36.84
- Resistance levels: $40.66, $41.31, $42.36
Expected price range: $37.90-$40.66
Trading Recommendation: SELL Rationale:
- Weakening technical indicators
- Below consensus Q1 guidance
- Price showing weakness despite positive analyst actions
- Volume declining on recent price movements suggesting lack of buying conviction
Target exit price: $38.55 (first Fibonacci support) Stop loss: $40.66 (first Fibonacci resistance)
TENB Similar Chart Price Prediction
The price of TENB is predicted to go up -20.61%, based on the high correlation periods with JOUT. The similarity of these two price pattern on the periods is 95.96%.
TENB
JOUT
Down: -20.61%Similarity: 95.96%
TENB Revenue Forecast
TENB EPS Forecast
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TENB VS S&P500
Tenable's software is considered best-of-breed for vulnerability management, and therefore well trusted amongst enterprise and government customers.
Tenable's portfolio expansion toward an exposure management platform enables greater upselling opportunity, thereby increasing its stickiness overtime.
Organizations across geographies and industries are prioritizing cybersecurity spending, providing vendors like Tenable a robust demand landscape.
TENB Analyst's Forecast
Patrick Colville
Scotiabank
Hold
2025-01-21
Price Target
$44 → $45
Upside
+9.6%
Scotiabank analyst Patrick Colville raised the firm's price target on Tenable to $45 from $44 and keeps a Sector Perform rating on the shares. After a healthy FY24 where U.S. software equities performed well, the firm feels bullish in 2025 about the software sector, the analyst tells investors. The firm's forensic analysis points to software earnings surprises and estimate revisions.
Adam Borg
Stifel
Strong Buy → Hold
2025-01-17
Price Target
$46 → $45
Upside
+10.21%
Joseph Gallo
Jefferies
Hold
2024-12-19
Price Target
$40 → $45
Upside
+9.92%
