SentinelOne initiated with an Overweight at JPMorgan

JPMorgan analyst Brian Essex initiated coverage of SentinelOne with an Overweight rating and $18 price target. SentinelOne has established itself as a "best-of-breed" next generation endpoint protection leader with a "disruptive platform" that has enabled it to grow revenue and annual recurring revenue over 100% year-over-year, the analyst tells investors in a research note. The firm believes the company is prudently taking action to optimize costs in order to achieve its goal of profitability in fiscal 2025.