Shrenik Kothari, an analyst from Robert W. Baird, maintained the Buy rating on SentinelOne. The associated price target was lowered to $22.00.
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Shrenik Kothari has given his Buy rating due to a combination of factors that highlight SentinelOne’s strong performance and strategic positioning. The company reported solid financial metrics in the third quarter, including a 23% increase in annual recurring revenue and revenue, along with a 7% improvement in operating margin. Despite a conservative guidance for fiscal year 2026 and the announcement of a CFO transition, SentinelOne’s execution has been tightening, with notable growth in non-endpoint bookings and data solutions.
Moreover, the company’s innovative offerings, such as the flexible licensing model and AI-native differentiation, are gaining traction and contributing to larger, multi-solution deals. The positive risk/reward profile at current valuations, coupled with steady go-to-market execution and a healthy pipeline, supports the Buy rating. The company’s ability to expand its platform and secure significant customer commitments further underscores its potential for continued growth.
According to TipRanks, Kothari is a 5-star analyst with an average return of 22.9% and a 66.04% success rate. Kothari covers the Technology sector, focusing on stocks such as Elastic, JFrog, and Zscaler.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $25.00 price target.