SentinelOne Benefits from New Flex Model and Prompt Security Acquisition – Bernstein Sees a 40% Chance!

SentinelOne (S) delivers a cloud-based security solution with its Singularity platform that brings together endpoints, cloud workloads, and identity signals into a unified data pool to automatically detect and stop threats. The addressable market exceeds $100 billion. Bernstein analysts raised the price target from $25 to $26 (Outperform) following the second quarter and see a potential upside of around 40%. The largest increase in annual recurring revenue (ARR) of over $1 billion, up by +24%, was also encouraging. Needham acknowledged the sequential...