SentinelOne’s Stock Surge Echoes Strong Market Potential: Analyst Anticipates Competitive Edge And Revenue Reacceleration
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BofA Securities analyst Tal Liani upgraded SentinelOne Inc (NYSE:S) from Neutral to Buy and raised the price target from $26.50 to $35. The stock gained over 4% on Wednesday.
This re-rating stems from anticipated near-term profitability and free cash flow (FCF) generation, an acceleration in net new Annual Recurring Revenue (ARR) growth, long-term industry tailwinds, and improving market conditions.
The analyst’s positive channel checks further bolster the near-term outlook for SentinelOne, which has seen a significant 78% stock performance improvement over the last three months, outshining peers like CrowdStrike Holdings, Inc (NASDAQ:
Full story available on Benzinga.com
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