SentinelOne price target raised by $7 at Guggenheim, here’s why

Guggenheim raised the firm’s price target on SentinelOne to $26 from $19 and keeps a Buy rating on the shares following what the firm identifies as “a second consecutive beat and raise quarter” in fiscal Q3. In addition to both revenue and ARR upside, the company also beat on all profitability and cash flow metrics as it continues to drive towards free cash flow break even by the second half of FY25, the analyst tells investors.