SentinelOne Inc (S) PT Raised to $32 at Baird

Baird analyst Shrenik Kothari raised the price target on SentinelOne Inc (NYSE: S) to $32.00 (from $30.00) while maintaining a Outperform rating.

The analyst commented: "We expect net-new business growth to accelerate in 2H, and with the implied guidance and investor expectations for NNARR largely flattish year-over-year in Q3/Q4, we believe there is upside to these numbers, supported by strong channel-feedback/partner checks, accelerating pipeline momentum, traction in non-endpoint solutions, and key wins in federal/MSSP ecosystems. We view an attractive setup heading into CY25, driven by GTM progression and key partnerships like Lenovo/MSSPs. With improving profitability metrics and the recent appointment of a seasoned CFO, SentinelOne looks well-positioned while trading at a discount to high-growth peers."

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