JPMorgan placed a “Positive Catalyst Watch” on shares of SentinelOne ahead of the company’s earnings report on March 13. The analyst expects strong Q4 results with constructive initial fiscal 2025 guidance. The firm’s industry conversations indicate that endpoint was one of the best performing segments within security software this quarter and it views SentinelOne’s platform as one of the best positioned to continue taking share. JPMorgan sees “plenty of room for additional consolidation in favor of the next generation vendors with substantial share still attributable to legacy vendors.” It keeps an Overweight rating on the shares with a $31 price target.
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