Up 45% Since June, Buy This Tech Stock Before It Skyrockets Following Its Beat-and-Raise Report
SentinelOne (NYSE: S) stock recorded impressive gains of 45% since the beginning of June, which should come as a relief to shareholders. The cybersecurity specialist endured a difficult start to 2024 and was down substantially in the first five months of the year.
Its recovery is remarkable considering that investors pressed the panic button following the release of the company's fiscal 2025 first-quarter results three months ago. The reason behind that sell-off was reduced full-year guidance. However, savvy investors started buying SentinelOne stock following its sell-off.
That turned out to be a prescient strategy. SentinelOne stock received a nice shot in the arm after a software update crashed a vast number of global IT systems on July 19. Now, it looks like SentinelOne's business may be benefiting in the aftermath of CrowdStrike's blunder, as its latest results beat Wall Street's expectations and the company raised its full-year guidance.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 162 Buy predictions and 1 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 312 € there is a positive potential of 39.38% for CrowdStrike Holdings Inc compared to the current price of 223.85 €.
