SentinelOne price target raised to $27 from $25 at JPMorgan

JPMorgan raised the firm’s price target on SentinelOne (S) to $27 from $25 and keeps an Overweight rating on the shares. The analyst expects “healthy” Q2 results as SentinelOne approaches break-even profitability and cash flow levels. Although the firm does not expect substantial benefit from CrowdStrike’s (CRWD) recent outage considering the timing of the event, it expects some improvement in deal flow going forward for SentinelOne as CrowdStrike’s most significant pure play competitor. JPMorgan thinks SentinelOne continues to have a compelling setup into earnings.