TD Cowen raised the firm’s price target on SentinelOne (S) to $35 from $30 and keeps an Outperform rating on the shares. The analyst says improved sales execution should enable the company’s annual recurring revenue to grow above 30% in each of the next two years. SentinelOne’s valuation discount to Crowdstrike (CRWD) should decline gradually as a result of continued positive execution toward its mid-term milestones, the analyst tells investors in a research note.
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