Why Wells Fargo Is Cautious on Tenable (TENB) Despite Its Market Position

Tenable Holdings, Inc. (NASDAQ:TENB) is one of the cheap AI stocks to buy in 2026. On March 3, 2026, Wells Fargo initiated coverage of Tenable Holdings, Inc. with an Equal Weight rating and a $13 price target. Wells Fargo said Tenable holds a 27% share of the vulnerability management market, and noted that the company’s Nessus product helped establish its position against incumbent competitors. The firm also described vulnerability management as a relatively small and penetrated market, adding that it s ...