TD Cowen analyst Shaul Eyal maintained a Buy rating on SentinelOne (S – Research Report) today and set a price target of $35.00.
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Shaul Eyal has given his Buy rating due to a combination of factors influencing SentinelOne’s growth prospects. He anticipates that the company’s upcoming financial results will show a slight increase in revenue guidance above the Street’s expectations, supported by strong demand for its key products, such as Singularity and emerging offerings in cloud security and AI. Furthermore, Eyal observes positive business trends, indicating that the company’s current trajectory in terms of revenue and annual recurring revenue (ARR) growth aligns with or slightly exceeds market expectations.
Additionally, Eyal highlights SentinelOne’s strategic initiatives, including the expansion of its channel partner teams and the integration partnership with CYBR, which are expected to enhance its market penetration and competitive positioning. He anticipates that these efforts will drive higher average deal sizes and growth in per customer ARR. Overall, Eyal believes that SentinelOne’s undervaluation relative to its peers presents a compelling investment opportunity, anticipating that growth acceleration will eventually lead to a narrowing valuation discount.
According to TipRanks, Eyal is a top 25 analyst with an average return of 27.6% and a 69.62% success rate. Eyal covers the Technology sector, focusing on stocks such as Palo Alto Networks, Fortinet, and SentinelOne.