Needham analyst Alex Henderson raised the firm’s price target on SentinelOne to $23 from $19 and keeps a Buy rating on the shares after its better than expected Q2 results and above-consensus guidance. The company’s performance appears to have stabilized, and the management sounded much more confident in its earnings call, the analyst tells investors in a research note. Sentinel is seeing the same stabilization in Enterprise demand as evidenced in most of the Software Security names, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on S:
- SentinelOne (NYSE:S) Takes a Stand Against Sale, Shares Climb
- SentinelOne price target raised to $17 from $15 at Piper Sandler
- SentinelOne price target raised to $22 from $20 at Raymond James
- SentinelOne CEO ‘firmly rebuked a potential takeout,’ says UBS
- SentinelOne price target raised to $16.50 from $15 at Scotiabank