15 AI News That Broke The Internet

Page 3 of 14

12. SentinelOne, Inc. (NYSE:S)

Market Capitalization: $8.62 billion

SentinelOne, Inc. (NYSE:S) is a leading American AI-powered cybersecurity provider that offers top-tier AI-powered security solutions to its clients. The company’s most sophisticated AI-driven platform, Purple AI, has exceeded expectations and played a significant role in the company’s strong Q2 performance, months after its official launch.

On November 12, Deutsche Bank upgraded SentinelOne, Inc. (NYSE:S) to “Buy” from Hold and raised the price target to $32 from $25 due to its strong positioning.

“We are upgrading shares of SentinelOne to Buy from Hold as we believe the company is not only benefitting from positive organic momentum, but also some disruption within the endpoint market post July 19”.

– Deutsche Bank

While the analyst call isn’t reflective of earnings results, it does reflect upon recent conversations and feedback in the field. After the Windows outage in July, channel conversations have “definitely uptick”, and the company’s platform and technology story “is only getting better”, the analyst states in a research note. Finally, the firm sees a path for SentinelOne, Inc. (NYSE:S) to capitalize on its platform strengths centered on AI-powered technology and high-growth sub-segments.

Page 3 of 14