Jefferies Raises SentinelOne Target to $24, Cites 21% Q1 Revenue Growth
S•S•S•S•Jefferies maintained a Buy rating on SentinelOne and raised its price target to $24 from $20. The firm projects Q1 revenue of $276M–$278M, 21% growth, adjusted EPS $0.01–$0.02, citing over 50% attach rate for Purple AI and partnerships with Google Cloud & AWS.
Jefferies reaffirmed its Buy rating on SentinelOne and increased the price target to $24.00 from $20.00, highlighting stronger confidence in the company's positioning within the AI-driven cybersecurity market.
The firm forecasts first-quarter revenue between $276.00 million and $278.00 million, implying roughly 21% year-over-year growth, and expects adjusted earnings per share of $0.01 to $0.02.
SentinelOne reports a Purple AI attach rate exceeding 50%, and strategic alliances with Google Cloud and AWS are expected to drive broader enterprise deployment of its Singularity Platform.
Finviz
