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Canaccord Genuity Remains a Buy on SentinelOne (S)

Tipranks - Sat May 30, 6:36AM CDT

In a report released today, Kingsley Crane from Canaccord Genuity maintained a Buy rating on SentinelOne, with a price target of $18.00.

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Crane covers the Technology sector, focusing on stocks such as PagerDuty, Snowflake, and Okta. According to TipRanks, Crane has an average return of 9.6% and a 53.74% success rate on recommended stocks.

In addition to Canaccord Genuity, SentinelOne also received a Buy from TD Cowen’s Shaul Eyal in a report issued today. However, on the same day, J.P. Morgan maintained a Hold rating on SentinelOne (NYSE: S).

Based on SentinelOne’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $271.15 million and a GAAP net loss of $110.23 million. In comparison, last year the company earned a revenue of $225.52 million and had a GAAP net loss of $70.79 million

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