Morgan Stanley analyst Hamza Fodderwala downgrades $SentinelOne (S.US)$ to a hold rating, and maintains the target price at $29.
According to TipRanks data, the analyst has a success rate of 58.0% and a total average return of 5.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SentinelOne (S.US)$'s main analysts recently are as follows:
While acknowledging long-term benefits in the security sector, a more cautious approach is advised heading into 2025 due to a challenging spending environment, upcoming fiscal constraints in the U.S., and relatively high valuations when compared to the broader technology sector. Additionally, a slowdown in demand for core endpoint security expected in 2025, along with a tough competitive and pricing landscape, influences a cautious stance on SentinelOne.
The company is poised to reinforce its position as a profitably growing entity within the market, capable of generating cash and capturing market share more swiftly than its major rivals. It continues to be valued lower than other rapidly growing counterparts and is anticipated to deliver another set of robust financial results shortly. Industry discussions suggest an expanding pipeline and deal momentum, attributed mainly to an intensified commitment to investments geared towards growth.
Note:
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