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SentinelOne Raises FY2027 ARR Growth Guidance from Low-Single Digits to Mid-Single Digits; Scotiabank Calls It a 'Real Signal' and Raises Price Target to $26
SentinelOne (NYSE:S) reported Q2 revenue up 21% to $292 million and annualized recurring revenue (ARR) up 22% to $1.218 billion. Following the report, Scotiabank analyst Patrick Colville raised the firm's price target on the stock to $26 from $23.50, maintaining an Outperform rating. Colville highlighted the company's upward revision of its fiscal 2027 ARR growth guidance from low-single digits to mid-single digits as a key positive signal. However, DA Davidson noted underlying trends appear "lacklustre" and anticipates further deceleration.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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