This Why Wall Street Analysts are Optimistic About SentinelOne, Inc. (S) Prospects

SentinelOne Inc. (NYSE:S) is one of the best cybersecurity stocks to buy under $50. On November 30, J.P. Morgan analyst Brian Essex reaffirmed a Hold rating on SentinelOne Inc. (NYSE:S), setting a price target of $19. Earlier, on November 20, analysts at Raymond James reiterated their view that SentinelOne Inc. is one of the top cybersecurity stocks whose value appears disconnected from market valuation. Consequently, the analysts maintain an average price target of $25, which is above the consensus average of $22.85.

The research firm remains optimistic about the company’s prospects following the $225 million acquisition of data streaming platform Observo AI. The company has also received a $2 million award from the Cybersecurity and Infrastructure Security Agency (CISA).

Likewise, an analyst at Cantor Fitzgerald has reiterated an Overweight rating on the cybersecurity stock, impressed by vigorous large-deal activity and the launch of the Flex offering. The research firm has also echoed the expansion of the CNAPP platform, supported by the Prompt acquisition and growing product momentum. Nevertheless, it lowered the price target to $22 from $24.

SentinelOne, Inc. (NYSE:S) is a cybersecurity company that provides an AI-powered platform, the Singularity Platform, to protect against cyber threats. The platform offers autonomous prevention, detection, and response for endpoints, cloud workloads, and identities, using AI and machine learning to operate at machine speed without human intervention.

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