These Analysts Increase Their Forecasts On SentinelOne Following Strong Q2 Results
Portfolio Pulse from Lisa Levin
SentinelOne (NYSE:S) reported better-than-expected Q2 results and issued Q3 revenue guidance above estimates. Q2 revenue increased 46% YoY to $149.4 million, beating the consensus estimate of $140.98 million. The company also raised its full-year revenue guidance to $605 million. Following the earnings announcement, Needham, Raymond James, and JMP Securities increased their price targets on SentinelOne.
September 01, 2023 | 1:14 pm
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POSITIVE IMPACT
SentinelOne's better-than-expected Q2 results and raised full-year revenue guidance may positively impact its stock price. Analysts from Needham, Raymond James, and JMP Securities have increased their price targets on the company.
SentinelOne's strong Q2 results and raised full-year revenue guidance indicate a positive financial performance, which is likely to boost investor confidence and potentially drive the stock price up. The increased price targets from Needham, Raymond James, and JMP Securities further support this potential upward movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100