Stock Track | SentinelOne Surges 5.22% in Pre-Market as Jefferies Upgrades Rating

Stock Track12-19

SentinelOne, Inc (S) stock soared 5.22% in the pre-market trading session on Thursday after Jefferies upgraded the cybersecurity firm's rating to "Buy" from "Hold" and raised the price target to $30 from $27.

The upgrade by Jefferies analysts, citing a "value dislocation" for SentinelOne, provided a boost to the company's shares. According to the research firm, SentinelOne's strong fundamentals and growth potential in the cybersecurity market make it an attractive investment opportunity.

SentinelOne's average rating from analysts polled by FactSet stands at "Overweight" with a mean price target of $30.21, indicating potential upside for the stock. The positive sentiment from analysts seems to be driving the pre-market rally for the cybersecurity firm.

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