SentinelOne (S) Gains Analyst Support Amid Cybersecurity Milestones

SentinelOne (NYSE:S) is one of the best beaten-down technology stocks to buy according to hedge funds. On December 15, Citizens reiterated its Market Outperform rating on SentinelOne Inc. (NYSE:S) with a $23 price target. The firm acknowledged challenges such as limited scale versus peers and slower top-line growth, but highlighted that SentinelOne trades at a CY26E EV/revenue multiple of 3.7x compared to the peer median of 11.1x. Citizens see the valuation discount as justified yet still offering meaningful room for appreciation, reinforcing confidence in the company’s long-term potential despite competitive pressures in the cybersecurity space.

On December 11, Citron Research touted SentinelOne (NYSE:S) cybersecurity capabilities as it uncovered a primary Chinese hacking operation. The company’s researchers successfully traced two Chinese state attackers behind the Salt Typhoon hack. It was the largest telecom breach that the researchers were able to bring to light. The milestone underscored the company’s transformation from an endpoint vendor to a full, native artificial intelligence security platform.

The company’s third-quarter bookings, which accounted for over 50% of total bookings and came from Cloud Data and artificial intelligence offerings, were clear evidence of its evolution. Amid the milestones, the stock continues to trade at approximately 5 times revenue, which is considered quite low. Citron Research expects the stock to rerate higher, as it appears to be trading at a discount given its expanded capabilities and strategic market position.

SentinelOne’s competitive edge has received a significant boost, bolstered by its Purple AI technology, which offers capabilities such as natural language queries, automated alert triage, and integration with third-party security products.

SentinelOne, Inc. (NYSE:S) is an AI-powered cybersecurity company that provides autonomous protection for endpoints, cloud workloads, containers, and identities using its Singularity Platform, stopping threats like ransomware in real-time with machine speed through behavioral analysis.

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Disclosure: None. This article is originally published at Insider Monkey.