SentinelOne price target raised by $5 at Morgan Stanley, here’s why

Morgan Stanley analyst Hamza Fodderwala raised the firm’s price target on SentinelOne to $25 from $20 and keeps an Overweight rating on the shares following what the firm calls “another solid quarter.” Q3 organic Net New ARR growth accelerated to 12% year-over-year, beating consensus expectations, and with the company “successfully marching towards profitability/FCF breakeven goals” the firm sees upside from here, the analyst tells investors.