BTIG analyst Gray Powell keeps a Buy rating and $30 price target on SentinelOne (S) but names the stock the firm’s Top Pick in Security & Infrastructure Software for 2025. The stock is “controversial”, with bears arguing that execution over the last two years has been “fairly volatile” and also remaining concerned on competition at the high end of the market from CrowdStrike (CRWD) and at the low end from Microsoft (MSFT), the analyst tells investors in a research note. BTIG contends however that trends are “moving in the right direction” as net new annual recurring revenue – ARR – additions inflect back into positive territory on Q3 earnings report, which was mainly by improved go-to-market initiatives that went into place at the beginning of 2024. The firm is also “very bullish” on adoption trends with SentinelOne’s new AI agent – Purple AI.
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