5 Best Cybersecurity Stocks to Buy According to Analysts

In this article, we will be taking a look at the 5 best cybersecurity stocks to buy according to analysts. To skip our detailed analysis of the cybersecurity sector, you can go directly to see the 12 Best Cybersecurity Stocks to Buy According to Analysts.

5. Tenable Holdings, Inc. (NASDAQ:TENB)

Number of Hedge Fund Holders: 22

Average Analyst Price Target: $59.4

Upside Potential: 26.7%

Tenable Holdings, Inc. (NASDAQ:TENB) is a cybersecurity company that provides cyber-exposure solutions. It is based in Columbia, Maryland.

On February 8, Susquehanna analysts maintained a Positive rating and a $60 price target on Tenable Holdings, Inc. (NASDAQ:TENB).

In total, 22 hedge funds were long Tenable Holdings, Inc. (NASDAQ:TENB) in the fourth quarter, with a total stake value of $323.9 million.

This is what Aristotle Atlantic Partners, LLC said about Tenable Holdings, Inc. (NASDAQ:TENB) in its fourth-quarter 2023 investor letter:

“We sold Tenable Holdings, Inc. (NASDAQ:TENB), as we believe the company could see increasing pressure from larger cybersecurity providers with more extensive product platforms and more competitive pricing dynamics.”