Needham raised the firm’s price target on SentinelOne (S) to $23 from $22 and keeps a Buy rating on the shares. The company delivered a record Q2 for Net-New annual recurring revenue where sequential growth of 90% meaningfully outpaced previous commentary for 32%, he analyst tells investors in a research note. The management also pointed to broad-based strength supported by New Logos, Existing Customers, and sustained traction for Emerging Products, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 $21 from $18 at Scotiabank
- 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