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As previously reported, Oppenheimer initiated coverage of SentinelOne (S) with an Outperform rating and $32 price target The firm is positive on its security platform and bullish on the shares reflecting a significantly improved leadership team that’s tightened the company’s operational execution and transformed its sales/GTM efforts; fast-growing non-endpoint market opportunities that reflect attractive cross-sell/upsell and share gain opportunities; and potential to significantly accelerate NNARR as it capitalizes on its platform breadth and realigns sales priorities. Oppenheimer believes investors underestimate the potential of SentinelOne’s recent adjustments/platform value and are yet to credit the company for its recent performance.
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