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Investing.com - Berenberg has initiated coverage on SentinelOne Inc (NYSE:S) with a Buy rating and a $25.00 price target, representing a significant upside from the current price of $16.16. According to InvestingPro data, this aligns with the broader analyst consensus of 1.8 (Buy), with targets ranging from $19 to $30.
The research firm highlighted SentinelOne ’s impressive growth trajectory in the cybersecurity sector, noting that the company has scaled from less than $50 million in annual recurring revenue (ARR) to more than $1.0 billion expected by Q2 2026, representing approximately a 70% compound annual growth rate (CAGR). This projection builds upon SentinelOne’s current revenue growth of 25.39% over the last twelve months.
According to Berenberg, this exceptional growth has been driven by two key factors: the secular shift away from legacy anti-virus products toward AI-driven endpoint protection solutions, and SentinelOne’s strong execution within mid-market accounts.
Berenberg analyst Rahul Chopra led the coverage initiation, expressing confidence in the company’s business model and growth potential in the expanding cybersecurity market.
The $25 price target suggests potential upside for SentinelOne shares based on the firm’s analysis of the company’s growth prospects and market position.
In other recent news, SentinelOne has reported significant developments that are drawing attention in the cybersecurity industry. The company announced new integrations with Amazon Web Services (AWS), enhancing AI security capabilities for AWS customers. These offerings include Singularity Hyperautomation for AWS Security Incident Response, which provides automated workflows for handling security incidents. Additionally, SentinelOne received a $2 million award from the Cybersecurity and Infrastructure Security Agency (CISA) under the Continuous Diagnostics and Mitigation Program.
Further expanding its reach, SentinelOne has completed the acquisition of Prompt Security, Inc. and agreed to acquire Observo, Inc. for approximately $225 million. This acquisition involves a mix of cash and stock, with JMP reiterating a Market Outperform rating for SentinelOne following this announcement. In leadership changes, Ana Pinczuk has been appointed as the president of product and technology, succeeding Ric Smith, who has resigned. These recent developments highlight SentinelOne’s strategic moves in enhancing its product offerings and expanding its market presence.
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