Wells Fargo Raises Tenable (TENB) Target After Strong Growth and Deals

Teneable Holdings, Inc. (NASDAQ:TENB) is one of the most undervalued cybersecurity stocks to buy now. On July 31, Wells Fargo raised its price target on Teneable Holdings, Inc. (NASDAQ:TENB) to $45 from $40 and kept an Overweight rating on the stock. That is an implied upside of  54% from the current price of $29.2.

Wells Fargo Raises Tenable (TENB) Target After Strong Growth and Deals

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The move came after the company reported quarterly results that showed improving demand. The company reported Q2 2025 revenue of $272.29, a robust 23% year-over-year growth. It reported an EPS of $o.34 per share, beating the Wall Street estimate of $0.30 per share. The company’s flagship product, Tenable One, is gaining traction. It is landing big deals with enterprises and the U.S. government. This progress points to stronger sales ahead. Wells Fargo believes that growth in Tenable’s Cloud Cybersecurity Business will continue getting better.

Analysts at Wells Fargo remain confident in Tenable’s future and continue to recommend buying the stock. They see the company well placed to expand its role in the cybersecurity market. As Tenable’s technology improves and more customers sign on, the company looks ready to benefit from the rising need for cybersecurity solutions.

While we acknowledge the potential of TENB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TENB and that has a 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.