Tenable Holdings Inc. (NASDAQ:TENB) is one of the best NASDAQ stocks to buy in 2026. On December 18, Morgan Stanley lowered the firm's price target on Tenable to $30 from $32 with an Equal Weight rating on the shares. In a year-ahead analysis, the firm reported that while cybersecurity stocks remained relatively stagnant overall, performance varied wildly by category: platform-based companies rose by an average of 30%, whereas the remainder of the sector saw a 12% decline. Morgan Stanley noted that while platforms remain the most straightforward and high-performing investment strategy in the cybersecurity space, there are still attractive opportunities to be found in other areas of the market.
On December 16, Jefferies lowered the firm's price target on Tenable to $29 from $31, while maintaining a Hold rating on the shares. In a year-ahead sector outlook, the firm noted that cybersecurity software stocks are expected to remain durable throughout 2026, supported by solid financial fundamentals. However, while the group is projected to stay resilient, it will likely underperform relative to a broader software market rebound, especially if that recovery is driven by significant breakthroughs in AI.
In other news, on December 11, Tenable Holdings Inc. (NASDAQ:TENB) announced a significant OneGov agreement with the US General Services Administration/GSA. Under this partnership, Tenable will provide its FedRAMP-authorized Cloud Security solution to US federal agencies, including the Department of Defense. The agreement is designed to offer these agencies specialized pricing and discounts through March 31, 2027. The partnership centers on Tenable's Cloud Native Application Protection Platform/CNAPP, which is engineered to support the federal government's cloud-first policy and the White House's AI Action Plan.
Tenable Holdings Inc. (NASDAQ:TENB) provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.
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Disclosure: None. This article is originally published at Insider Monkey.