SentinelOne Inc (S) PT Raised to $65 at Piper Sandler

Piper Sandler analyst Rob Owens raised the price target on SentinelOne Inc (NYSE: S) to $65.00 (from $48.00) while maintaining a Neutral rating.

The analyst commented, "F'2Q was as advertised in the first report as a public company, with accelerating organic ARR and revenue growth driven by impressive large customer growth, NRR and broader platform adoption. Investments in growth/product continue as the company executes against a large and growing endpoint protection market. While we are encouraged by a strong quarter and momentum, S continues to trade at a meaningful premium to more mature high-growth SaaS peers, driving our Neutral rating. Raising PT to $65 ($48 prior)."

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