Needham analyst Matt Dezort assumed coverage of SentinelOne (S) with a Buy rating and $32 price target after attending the company’s first-ever analyst event in Las Vegas. The firm comes away from the presentation more confident in SentinelOne’s expanding platform, enhanced go-to-market, and improving execution, the analyst tells investors in a research note. Needham adds that given Lenovo’s (LNVGY) leadership position in PC shipments, SentinelOne’s new partnership with Lenovo announced last month could be “transformational” and drive “compelling upside” to new annual recurring revenue estimates over the coming years.
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