JPMorgan raised the firm’s price target on SentinelOne (S) to $27 from $25 and keeps an Overweight rating on the shares. The analyst expects “healthy” Q2 results as SentinelOne approaches break-even profitability and cash flow levels. Although the firm does not expect substantial benefit from CrowdStrike’s (CRWD) recent outage considering the timing of the event, it expects some improvement in deal flow going forward for SentinelOne as CrowdStrike’s most significant pure play competitor. JPMorgan thinks SentinelOne continues to have a compelling setup into earnings.
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>>
Read More on S:
- SentinelOne price target raised to $26 from $22 at Barclays
- SentinelOne upgraded to Overweight from Equal Weight at Wells Fargo
- SentinelOne price target raised to $27 from $25 at Morgan Stanley
- SentinelOne CEO Weingarten sells 60,864 class A shares
- Varonis announces integrations with SentinelOne, Microsoft Defender