SentinelOne price target raised to $30 from $25 at Loop Capital

Loop Capital analyst Yun Kim raised the firm’s price target on SentinelOne (S) to $30 from $25 and keeps a Buy rating on the shares. The company reported a solid Q2, representing its 5th consecutive quarter of at least in line performance, the analyst tells investors in a research note. The tailwinds from the CrowdStrike (CRWD) incident will not likely materialize until next fiscal year, but SentinelOne should leverage its highly favorable competitive position to show solid sales execution, especially with new customer deals already in the pipeline, the firm added.