why SentinelOne Inc [S] is a Good Choice for Investors After New Price Target of $24.76

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SentinelOne Inc [NYSE: S] slipped around -0.6 points on Tuesday, while shares priced at $19.76 at the close of the session, down -2.95%.

Compared to the average trading volume of 4.49M shares, S reached a trading volume of 4197462 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about SentinelOne Inc [S]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for S shares is $24.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on S stock is a recommendation set at 1.74. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Canaccord Genuity have made an estimate for SentinelOne Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 04, 2024. While these analysts kept the previous recommendation, Needham raised their target price from $28 to $31. The new note on the price target was released on March 12, 2024, representing the official price target for SentinelOne Inc stock. Previously, the target price had yet another raise from $26.50 to $35, while BofA Securities kept a Buy rating on S stock.

The Average True Range (ATR) for SentinelOne Inc is set at 0.78, with the Price to Sales ratio for S stock in the period of the last 12 months amounting to 9.17. The Price to Book ratio for the last quarter was 3.81, with the Price to Cash per share for the same quarter was set at 2.67.

How has S stock performed recently?

SentinelOne Inc [S] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.95. With this latest performance, S shares gained by 14.62% in over the last four-week period, additionally sinking by -16.52% over the last 6 months – not to mention a rise of 38.28% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for S stock in for the last two-week period is set at 51.18, with the RSI for the last a single of trading hit 51.40, and the three-weeks RSI is set at 49.33 for SentinelOne Inc [S]. The present Moving Average for the last 50 days of trading for this stock 20.05, while it was recorded at 20.22 for the last single week of trading, and 21.70 for the last 200 days.

SentinelOne Inc [S]: Deeper insight into the fundamentals

SentinelOne Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.79 and a Current Ratio set at 1.79.

Earnings analysis for SentinelOne Inc [S]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for S. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SentinelOne Inc go to 40.20%.

Insider trade positions for SentinelOne Inc [S]

The top three institutional holders of S stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in S stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in S stock with ownership which is approximately 5.1238%.

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