Rosenblatt Reiterates Buy Rating on SentinelOne (S) After Strong Fiscal Q1 Results

SentinelOne Inc. (NYSE:S) ranks among the best technology growth stocks to buy under $100. In response to SentinelOne, Inc. (NYSE:S)’s first-quarter fiscal 2027 results, Rosenblatt reaffirmed its Buy rating and $20 price target for the company’s shares on May 29. According to SentinelOne’s first-quarter fiscal 2027 figures, annual recurring revenue and profitability exceeded projections, while revenue increased by 21% year-over-year, effectively meeting guidance.

The company’s pro forma earnings per share of $0.04 exceeded the $0.02 average forecast, while operating margin touched 4.0%, up 550 basis points from the previous year. The company also reaffirmed its fiscal 2027 revenue projection of 20% growth with modest upside to estimates, along with an 8% employee reduction.

Rosenblatt considers the company’s guidance to be somewhat reasonable and thinks that the proactive restructuring and reinvestment in AI security, data, and cloud have eclipsed solid ARR and margin trends in the near future.

SentinelOne Inc. (NYSE:S) is a provider of cybersecurity services worldwide. Its Singularity Platform provides proactive protection against a number of cyber threats. Its portfolio also includes other services, including an AI-security agent (Purple AI), security information, event management, and more.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.