SentinelOne price target raised to $28 from $22 at Susquehanna

Susquehanna raised the firm’s price target on SentinelOne to $28 from $22 and keeps a Positive rating on the shares. SentinelOne reported a generally fine Q2, though calculated billings were slightly lower than expected, and the company continues to make progress toward its profitability goals, reporting its first-ever quarter of positive NG net income, the analyst tells investors in a research note. The firm continues to like SentinelOne due to its unique position as a cloud-first endpoint vendor and best-in-class technology and sees significant opportunity ahead as the company broadens its portfolio.