SentinelOne Shares Set For Recovery, Analyst Predicts Long-Term Share Gains
Portfolio Pulse from Priya Nigam
SentinelOne shares are predicted to recover and gain long-term value, according to Morgan Stanley analyst Hamza Fodderwala. Despite recent setbacks, Fodderwala upgraded the rating for SentinelOne from Equal-Weight to Overweight and raised the price target from $15 to $20. The stock is currently trading at a 50% discount to peers, which does not reflect its intrinsic value.
June 12, 2023 | 3:03 pm
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Morgan Stanley analyst Hamza Fodderwala upgraded SentinelOne's rating to Overweight and raised the price target to $20, predicting long-term share gains and recovery.
The analyst's upgrade and increased price target indicate a positive outlook for SentinelOne's stock. The stock is currently trading at a 50% discount to peers, which does not reflect its intrinsic value. The analyst sees potential for sustained 20%+ topline growth and margin expansion, which could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100