Why Wells Fargo Sees Promise in SentinelOne (S) but Stops Short of Going Bullish

SentinelOne, Inc. (NYSE:S) is one of the cheap AI stocks to buy in 2026.

On March 3, 2026, Wells Fargo initiated coverage of SentinelOne with an Equal Weight rating and a $13 price target, with The Fly identifying Richard Poland as the analyst. Reports summarizing the note said Wells Fargo sees SentinelOne as a meaningful player in endpoint security, but one facing heavyweight competition from larger platforms such as CrowdStrike, Microsoft, and Palo Alto Networks. The firm also said SentinelOne’s valuation is compelling, while arguing the company’s recent phase has been uneven as growth has slowed and management has pushed harder on profitability.

The same reports said Wells Fargo’s field work and CIO survey pointed to endpoint security being a lower priority area heading into 2026, which helps explain the more balanced stance despite the stock’s valuation backdrop.

Why Wells Fargo Sees Promise in SentinelOne (S) but Stops Short of Going Bullish

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SentinelOne, Inc. (NYSE:S) is a cybersecurity company that provides an AI-powered security platform for endpoint, cloud, and identity protection. The company is best known for its Singularity platform.

While we acknowledge the potential of S to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than S and that has 100x upside potential, check out our report about this cheapest AI stock.

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