.August 28, 2024 03:58:00 PM

Goldman Sachs analysts raised their price target on SentinelOne Inc (NYSE:S) to $25 from $23 after the company’s strong Q2 results. They noted that SentinelOne’s growth in endpoint market share will be a key driver in the upcoming year, especially following CrowdStrike’s recent outage. The company’s technology advantages, such as AI-embedded models and a strong sales pipeline, are promising. However, longer sales cycles and early pipeline conversion stages have not been factored into the second-half guidance. Despite being well-positioned in Linux-based environments, analysts maintain a Neutral rating due to competitive challenges and financial metrics concerns.