Scotiabank raised the firm’s price target on SentinelOne (S) to $21 from $18 and keeps a Sector Perform rating on the shares. The company’s Q2 results delivered an “impressive” year-over-year increase to a new annual recurring revenue, the analyst tells investors. The firm believes the company is a top-tier cybersecurity leader but remains on the sidelines for now.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on S:
- SentinelOne price target raised to $23 from $21 at Baird
- SentinelOne price target raised to $19 from $17 at DA Davidson
- SentinelOne price target raised to $26 from $25 at Bernstein
- SentinelOne’s Strong Growth Potential and Strategic Initiatives Drive Buy Rating
- SentinelOne: Strong Growth, Strategic Acquisitions, and Diversification Drive Buy Rating