William Blair analyst Jonathan Ho has maintained their bullish stance on S stock, giving a Buy rating yesterday.
Jonathan Ho has given his Buy rating due to a combination of factors that highlight SentinelOne’s strong performance and potential for future growth. The company reported solid quarterly results, surpassing profitability expectations with positive pro forma operating income for the first time. Revenue growth was impressive, exceeding market expectations, which indicates strong sales execution and new-business growth.
Despite some challenges, such as the impact of retiring its deception solution, SentinelOne’s guidance for fiscal 2026 is viewed as conservative with potential upside. The momentum in large deals, particularly in cloud, data, and AI solutions, is a positive indicator of the company’s strategic positioning. Additionally, the signing of over 300 AI-related deals showcases SentinelOne’s capabilities in generative AI, further supporting its growth prospects. These factors, combined with improved competitive win rates, suggest that the company is well-positioned for continued success, justifying the Buy rating.
In another report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $24.00 price target.