1 Wall Street Analyst Raises SentinelOne's Price Target by 32%: Here's Why He's Right.
At times, analyst change-ups on the stocks they cover can fall victim to poor timing. Such was the case with a major bank's revised take on up-and-coming cybersecurity company SentinelOne (NYSE: S). Just after news of the bank's recommendation upgrade and price target raise, another prominent cybersecurity business published dispiriting quarterly results.
This awkward timing raises the enticing possibility, however, that some titles in the sector might become undervalued.
The investment firm making its SentinelOne revision was Bank of America, in the person of analyst Tal Liani. On Valentine's Day, Liani switched his recommendation from neutral to buy. This was accompanied by a significant lift in price target, to $35 per share from Liani's preceding $26.50.
Source Fool.com
