SentinelOne price target raised to $22 from $20 at Raymond James

Raymond James raised the firm’s price target on SentinelOne to $22 from $20 and keeps a Strong Buy rating on the shares. The company reported “solid” Q2 results, with all key metrics above estimates and a FY24 outlook that was bumped higher, the analyst tells investors. These results suggest visibility into business trends have improved since Q1 results, the firm says. Actual business fundamentals, however, were “mixed” for the company, the firm adds.