As previously reported, BofA upgraded SentinelOne to Buy from Neutral with a price target of $35, up from $26.50. Though competition remains intense, the firm cites the near-term path to profitability and free cash flow, reaccelerating net new annual recurring revenue growth and improving market conditions for its more positive view. The firm’s latest checks were positive, which could also support the stock in the near-term, the analyst added.
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