JMP Securities analyst Trevor J. Walsh maintained a Buy rating on SentinelOne (S – Research Report) on March 28 and set a price target of $33.00.
Trevor J. Walsh’s rating is based on a thorough evaluation of SentinelOne’s recent performance and future prospects. SentinelOne’s stock has been given a Buy rating owing to the company’s potential for top-line growth and expansion into new market segments. Walsh highlights the company’s innovative AI-driven endpoint security architecture, which is disrupting the $100 billion total addressable market across multiple cybersecurity use cases. The company’s recent strategic acquisitions, such as PingSafe and Stride Security, have further strengthened its product offerings, contributing to new bookings beyond its core endpoint products. In addition, Walsh notes significant improvements in SentinelOne’s profitability, with consistent non-GAAP operating margin growth and expectations of positive free cash flow generation by the end of FY2025.
Additionally, Walsh is optimistic about SentinelOne’s sales strategy and market positioning. The firm’s disciplined enterprise sales approach and expansion within the Managed Security Service Provider (MSSP) channel are expected to drive revenue re-acceleration post-FY25. SentinelOne’s near-term product catalysts, particularly the upcoming ‘Purple AI’ updates, are anticipated to provide additional momentum. The stock’s current valuation relative to expected FY25 revenue, alongside its above-average growth compared to its peers, also contributes to the Buy rating. Walsh’s analysis suggests that SentinelOne is well-positioned to outperform its guidance, emphasizing the company’s promising growth trajectory and potential upside not currently factored into market expectations.
In another report released on March 14, FBN Securities also maintained a Buy rating on the stock with a $29.00 price target.
S’s price has also changed dramatically for the past six months – from $16.340 to $23.310, which is a 42.66% increase.
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
SentinelOne (S) Company Description:
SentinelOne Inc is an autonomous cybersecurity platform. The company’s cybersecurity solutions encompass AI-powered prevention, detection, response, and hunting across endpoints, containers, cloud workloads, and IoT devices in a single autonomous XDR platform.
