TENB · NASDAQ · STOCK
Tenable Holdings (TENB) Stock Analysis
$41.59
52W $15.73 – $43.67
50/100
$4.59B
664.4
1.01
Is TENB Bullish or Bearish?
Mixed.
Innellis AI committee rates Tenable Holdings, Inc. (TENB) Watch with a composite score of 50/100
, based on 6 analysts with 33% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +10.29 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -9.71 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — 4 consecutive earnings beats -- consistent execution. Value Analyst remains cautious — p/e of 669.5 is expensive by classic value standards. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- 4 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- P/E of 669.5 is expensive by classic value standards — Value
- Price-to-book of 8.6x prices in significant intangible value — Value
- ROE of only 2.4% -- cheap may mean cheap for a reason — Value
- RSI at 78 is in overbought territory — Technical
- Price structure (LH_LL) contradicts the uptrend -- mixed signals — Technical
- Price trading above the upper Bollinger Band -- stretched — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
50/100
Agreement
33%
Analysts
6
Conviction
Contested
Sector Rank
Top 95%
of 287 Technology peers
Value Analyst
bearish
27
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− P/E of 669.5 is expensive by classic value standards
Growth Analyst
bullish
68
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ 4 consecutive earnings beats -- consistent execution
Technical Analyst
neutral
49
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− RSI at 78 is in overbought territory
Risk Analyst
bearish
35
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Current ratio of 0.95 is tight -- limited short-term liquidity cushion
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
54
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 50.7 to 49.7.
- New bearish signals: 4 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
Analyst-level changes:
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: score 55->49 (-6); +2 bearish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
77.8
Overbought
MACD Histogram
0.568
Bullish Momentum
Trend Direction
Uptrend
Weekly: Downtrend
Market Structure
Lh Ll
Support
$31.05
Resistance
$43.38
Bollinger %B
1.12
Above Upper Band
Price vs Moving Averages
EMA 9
$38.46
Above
EMA 21
$37.03
Above
EMA 50
$35.66
Above
EMA 200
$30.78
Above
Fundamental Analysis
Valuation
23
Growth
89
Profitability
26
Financial Health
9
Cash Flow
70
Valuation
P/E Ratio
664.4×
P/B Ratio
23.75×
PEG Ratio
1.60
Dividend Yield
0.00%
52W High
$43.67
52W Low
$15.73
Quality & Growth
ROE
-1106.6%
ROA
-206.7%
Gross Margin
7805.1%
Operating Margin
478.6%
Revenue Growth YoY
—
Debt / Equity
2.12
AI Fundamental Assessment
P/E ratio of 664.4 (rich relative to a 15-40x range); Price-to-book of 23.8x; PEG ratio of 1.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -11.1%; Return on assets of -2.1%; Net margin of 0.6%; Gross margin of 78.1%; Current ratio of 0.79 (tight short-term liquidity); Debt-to-equity of 2.12; Free cash flow per share is positive (2.37); Most recent quarter beat estimates by 6.5%; 4 consecutive earnings beats; EPS growth accelerating (-2.1% -> +8.5% QoQ); Analyst estimates rising over recent quarters
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