Tenable's (TENB) solid Q4 results, which beat expectations across the board, depict a "step in the right direction" as the company continues to generate healthy demand for its Tenable One platform and cloud security portfolio, Wedbush said in a note Thursday.

The company provided conservative but achievable fiscal year 2026 guidance with continued strength in its Tenable One platform, which now accounts for roughly 50% of new and expansion business, the note said.

The brokerage noted that the company's pipeline and renewals demand are healthy heading into 2026 and Tenable One generates stable and growing demand.

Wedbush reiterated its outperform rating on the stock and trimmed its price target to $32 from $42.

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