From Nasdaq Inc.:

Cybersecurity firm SentinelOne (NYSE: S) has experienced a significant surge in its stock price in 2024, more than doubling from a low of $12.43 to a high of $30.76. The company’s share price increase was driven by Bank of America upgrading the stock from neutral to buy. With the cybersecurity industry forecasted to reach $183 billion in 2024, and grow to $274 billion by 2028, SentinelOne faces strong demand but also stiff competition. However, the company has shown impressive customer and revenue growth, with revenue expected to continue increasing. Despite not being profitable yet, SentinelOne’s strong balance sheet and growth potential make it an attractive investment option.



Read more at Nasdaq Inc.: Is It Too Late to Buy SentinelOne Stock?