10 AI News Investors Shouldn’t Miss

5. SentinelOne, Inc. (NYSE:S)

Number of Hedge Fund Holders: 37

SentinelOne, Inc. (NYSE:S) is one of the leading artificial intelligence-powered cybersecurity providers. On December 17, TIG analyst Gray Powell kept a “Buy” rating and $30 price target on SentinelOne (NYSE:S). The stock is considered “controversial”, as critics point out that SentinelOne’s performance has been volatile over the last two years. Moreover, the firm is also concerned about competition at the high end from companies such as Crowdstrike and Microsoft, the analyst told investors in a research note. At the same time, the firm is positive on the stock considering trends such as net new annual recurring revenue – ARR – which turned positive in Q3. This was driven by improved go-to-market initiatives that launched at the beginning of 2024. The firm is also “very bullish” on the growing adoption of Sentinel One’s new AI agent, Purple AI.