SentinelOne price target raised by $6 at JPMorgan, here’s why

JPMorgan analyst Brian Essex raised the firm’s price target on SentinelOne to $26 from $20 and keeps an Overweight rating on the shares. The company reported another beat and raise with substantial margin expansion, the analyst tells investors in a research note. The firm says SentinelOne’s net new annual recurring revenue accelerated this quarter with revenue, profitability and cash flow ahead of expectations. It says SentinelOne has one of the more compelling setups within its coverage universe.