SentinelOne Stock Surges as Analyst Upgrades Rating
In a surprising turn of events, shares of cyber security company SentinelOne (S) saw a significant jump of 5.2% in morning trading. This surge follows an upgrade in the stock’s rating by BTIG analyst Gray Powell, who revised the rating from Neutral to Buy. Powell also assigned a price target of $30, suggesting a potential 10% upside for investors. The upgrade was motivated by a growing concern over an increase in cyberattacks, which has bolstered the demand for strong cybersecurity solutions. Powell believes that SentinelOne is well-equipped to meet this demand and exceed market expectations, thanks to their improved sales execution and a more positive spending outlook.
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