SentinelOne CEO ‘firmly rebuked a potential takeout,’ says UBS

UBS raised the firm’s price target on SentinelOne to $21 from $18 and keeps a Buy rating on the shares following the company’s Q2 report. Expectations into the quarterly report were “more rooted in M&A speculation than fundamentals,” but CEO Tomer Weingarten “firmly rebuked a potential takeout” as he expressed a commitment to delivering “as a public, independent, and transparent company,” the analyst tells investors. “To their credit, 2Q was a positive step,” with a beat and raise report, the analyst added.