SentinelOne price target raised to $27 from $25 at Morgan Stanley

Morgan Stanley analyst Hamza Fodderwala raised the firm’s price target on SentinelOne to $27 from $25 and keeps an Overweight rating on the shares. The firm’s checks through the end of June were materially lower, but the latest feedback from the channel and Black Hat conference last week suggests an increase in pipeline since the IT outage late last month, the analyst tells investors in a research note. The firm thinks expectations remain low heading into the Q2 results on August 27.