Cantor Fitzgerald analyst Jonathan Ruykhaver initiated coverage of SentinelOne (S) with an Overweight rating and $30 price target. Shares have struggled in the last year relative to competitors despite SentinelOne expanding market share, having “impressive” ARR growth, and sector tailwinds, the analyst tells investors. Demand for endpoint detection and response and extended detection and response products remains strong enough to support multiple vendors, but “the investment community continues to pigeonhole SentinelOne as CrowdStrike’s (CRWD) less successful little brother,” says the analyst, who argues that SentinelOne is well-positioned to take advantage of recent competitor oversights.
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Read More on S:
- SentinelOne price target lowered to $24 from $28 at Barclays
- Micron downgraded, Block upgraded: Wall Street’s top analyst calls
- SentinelOne upgraded to Buy from Hold at Jefferies
- SentinelOne named ‘Top Pick’ for Security in 2025 at BTIG
- SentinelOne participates in a conference call with KeyBanc
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
