Bernstein raised the firm’s price target on SentinelOne (S) to $26 from $25 and keeps an Outperform rating on the shares. SentinelOne’s Q2 earnings delivered its largest ARR beat vs. consensus in more than a year, although overall GAAP revenue came in largely in line as some linearity and impact from less service revenue resulted in a bit less recognized, the firm says. On the other hand, they raised the full year only a little as management emphasized remaining “prudent” given ongoing macro and DOGE exposure.
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- Balanced Outlook on SentinelOne: Strong ARR Growth Amid Competitive and Profitability Challenges
- SentinelOne price target raised to $21 from $19 at UBS
- SentinelOne price target raised to $19 from $18 at Wells Fargo