U.S. stocks on the move: Tenable Holdings surged on October 29 as Q3 results beat expectations, full-year guidance was raised, and target price was upgraded.

Tenable Holdings October 29 Surge Analysis

Keywords: Q3 results beat expectations, raised full-year guidance, target price increased

1. On October 28, exposure management company Tenable announced its Q3 2026 financial results: revenue of $276.4 million, up 9.5% year-on-year; non-GAAP earnings per share of $0.63, above market expectations of $0.51; non-GAAP operating profit margin of 27.1%, an increase of 380 basis points year-on-year; Tenable One platform accounted for a record 59% of new business, with a net dollar expansion rate of 107%.

2. On October 28, the company raised its full-year 2026 revenue guidance to $1.084–1.087 billion, with a midpoint year-on-year growth of 8.6%; raised its full-year non-GAAP operating profit guidance to $270–273 million, and also raised full-year non-GAAP earnings per share guidance to $2.16–2.19.

3. On October 29, Needham maintained its Buy rating and raised the target price from $36 to $55, Barclays maintained its Equal Weight rating and raised the target price from $38 to $54, CCORF maintained its Buy rating and raised the target price from $36 to $54, and Susquehanna maintained its Positive rating and raised the target price from $36 to $55.

(Disclaimer: This content is generated by AI technology based on information collected from public sources and is for reference only. It does not constitute investment advice.)