SentinelOne price target raised to $22 from $17 at Deutsche Bank

Deutsche Bank raised the firm’s price target on SentinelOne to $22 from $17 and keeps a Hold rating on the shares. The company’s fiscal Q3 results exceeded expectations and “were welcomely uneventful relative to the fireworks of the past two quarters,” the analyst tells investors in a research note. The firm continues to hear positive feedback on SentinelOne’s technology in its fieldwork. However, Deutsche still believes endpoint remains hypercompetitive, especially in the mid-market, and believes “much of the low hanging fruit has already been picked.”