FMP
Jun 4, 2024 9:57 PM - Davit Kirakosyan(Last modified: Jun 5, 2024 3:55 AM)
Canaccord Genuity analysts upgraded SentinelOne (NYSE:S) rating to Buy from Hold, while lowering the price target on the stock to $23 from $28.
The analysts view SentinelOne as a long-term winner in the cybersecurity space, thanks to its positioning as a data-driven security platform with strong roots in Endpoint Security and a solid mid-market Enterprise presence.
The company's superior autonomous AI engine, unified back-end, and advanced data analytics capabilities enable it to enhance detection, prevention, and remediation outcomes.
The analysts believe that increased automation with minimal human intervention provides a clear advantage against modern adversaries, particularly as global enterprises face resource constraints.
Despite lowering the price target to reflect a valuation of approximately 7x EV/sales based on updated fiscal 2026 estimates, the firm’s upgrade is driven by the recent pullback in the stock and SentinelOne's improved execution over the past few quarters.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...