SentinelOne upgraded to Overweight from Equal Weight at Wells Fargo

Wells Fargo upgraded SentinelOne (S) to Overweight from Equal Weight with a price target of $29, up from $19. The analyst believes SentinelOne is gaining share, recently at the expense of CrowdStrike (CRWD) following the global outage in mid-July, which should translate into stronger revenue growth. In addition, the company’s pipeline looks very strong, which should enable share gains to continue going forward, the analyst tells investors in a research note. Wells says SentinelOne’s results were stronger than CrowdStrike’s results, which has only happened once over the last three years.