SentinelOne stock price target lowered to $22 by Cantor Fitzgerald

Investing.com - Cantor Fitzgerald lowered its price target on SentinelOne Inc (NYSE:S) to $22.00 from $24.00 on Monday, while maintaining an Overweight rating on the cybersecurity company’s stock. Despite the reduction, the new target still represents a 40% upside from the current price of $15.70, with InvestingPro data indicating the company is currently undervalued based on its Fair Value assessment.

The firm attributed the price target reduction to "recent market contraction" ahead of SentinelOne ’s upcoming F3Q26 earnings report, scheduled for December 4 according to InvestingPro data.

Despite the lower target, Cantor Fitzgerald expressed encouragement about several positive developments at SentinelOne, including "strong large-deal activity" and "the launch of the Flex offering."

The research firm also highlighted SentinelOne’s "expanding CNAPP platform supported by the Prompt acquisition" and "growing product momentum" as factors supporting its continued Overweight rating.

Cantor Fitzgerald indicated it is monitoring several key areas for SentinelOne, including "signs of improved go-to-market execution," "quarterly contributions from the Lenovo partnership," and "potential headwinds in the endpoint market." The broader analyst community maintains a Buy consensus on the $5.26 billion cybersecurity firm, with InvestingPro revealing two key tips: the company holds more cash than debt and analysts predict profitability this year. Discover 4 more exclusive InvestingPro Tips and access the comprehensive Pro Research Report for SentinelOne in the Pro platform.

In other recent news, SentinelOne has made significant strides with its financial and strategic initiatives. The company received a $2 million award from the Cybersecurity and Infrastructure Security Agency, with the involvement of ManTech and RavenTek. This development is part of the Continuous Diagnostics and Mitigation Program. SentinelOne also announced a major acquisition, agreeing to purchase Observo AI for approximately $225 million in cash and stock, a move that prompted JMP to reiterate a Market Outperform rating with a $29.00 price target.

Furthermore, Berenberg initiated coverage on SentinelOne with a Buy rating and a $25.00 price target, citing the company’s impressive growth trajectory in the cybersecurity sector. The firm expects SentinelOne’s annual recurring revenue to exceed $1.0 billion by the second quarter of 2026. Additionally, SentinelOne expanded its AI security offerings on Amazon Web Services, introducing new integrations that enhance AI security capabilities for AWS customers.

In leadership changes, SentinelOne appointed Ana Pinczuk as the new president of product and technology, following the resignation of Ric Smith. These developments highlight SentinelOne’s ongoing efforts to strengthen its market position and technological capabilities.

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