Deutsche Bank Upgrades SentinelOne Inc (S) to Buy

Deutsche Bank analyst Brad Zelnick upgraded SentinelOne Inc (NYSE: S) from Hold to Buy with a price target of $32.00 (from $25.00).

The analyst comments "We are upgrading shares of SentinelOne to Buy from Hold as we believe the company is not only benefitting from positive organic momentum (product + partnership + GTM), but also some disruption within the endpoint market post July 19. Our call is not an explicit view on F3Q results but is informed by what we've been picking up from the field since the summer. Our channel conversations have definitively up-ticked post the July Windows outage which is creating more opportunities along with a platform and technology story that is only getting better. While mindful these benefits will likely accrue over time, we see a path for SentinelOne to capitalize on its platform strengths centered on AI-powered technology and high-growth sub-segments (e.g., cloud security, data) as customers distinguish the architectural differences amongst vendors and the risks of vendor concentration. We see upside to Street estimates and raise our FY26 NNARR to +15% y/y vs. consensus +10% with further upside potential from there. Along with our rating change and model update we increase our DCF-derived target price to $32 (from $25), which implies 9.4x EV/sales (CY25)."

For an analyst ratings summary and ratings history on SentinelOne Inc click here. For more ratings news on SentinelOne Inc click here.

Shares of SentinelOne Inc closed at $27.18 yesterday.

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