Wedbush maintains Outperform rating on SentinelOne, $27 price target

SentinelOne secured a $400M revolving credit facility, with $60M for letters of credit. Proceeds will fund working capital and corporate needs, maturing in 2031. The agreement sets leverage and interest coverage ratios. Analysts rate the stock Buy with a $26 target, while AI analyst Spark rates it Neutral.

Palo Alto Networks will report fiscal Q1 2027 earnings on Nov. 18. Four other cybersecurity firms (Tenable, Gen Digital, Cloudflare, Varonis, SentinelOne) reported Q3 2026 results, with two raising full-year outlooks. Tenable reported $276.4M revenue, Gen Digital $1.369B, Cloudflare $782.5M, and Varonis $189.5M. SentinelOne announced an AI integration with Anthropic.

Software sector declines as Fortinet, ServiceNow, and Microsoft shares fall. Fortinet and ServiceNow dropped 27% and 25% respectively due to weak forecasts, while Microsoft fell 2% despite strong earnings. Azure revenue grew 48%, and total revenue reached $92.28 billion. Oracle and Twilio also declined amid broader sector selloff.

SentinelOne (S) shares rose 7.0% after a Wall Street firm raised its price target to $28, citing confidence in the company's AI security positioning and strong Q3 results. Revenue grew 21% YoY to $292M, and guidance was increased for fiscal 2027. Insiders sold shares, while hedge funds had mixed activity.

SentinelOne (S) stock rose 4.2% after Rosenblatt Securities raised its price target to $28, citing the company's progress in autonomous security and AI monetization. Multiple analysts reiterated positive ratings, highlighting strong customer feedback and new product launches. The rally occurred despite broader market declines, driven by SentinelOne's strong demand for AI-native security tools.

Wedbush Securities raised its price target for SentinelOne (NYSE:S) to $27 from $25, citing the company's AI investments and broader security infrastructure. Analyst Steven Wahrhaftig reiterated an Outperform rating, noting customer expansion beyond endpoint security and competitive pricing advantages over CrowdStrike. Wedbush believes SentinelOne is positioning itself well for future growth.