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SentinelOne Gains Analyst Upgrade Despite Weak Guidance
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SentinelOne reported Q3 FY26 results that beat revenue and earnings expectations, prompting an analyst upgrade to Buy and a raised price target. The company posted 34% year-over-year backlog growth to $1.3 billion and stable ~74% gross margins, but issued underwhelming Q4 guidance and saw its CFO depart; shares trade near ~4x forward EV/revenue, implying about 13–15% upside.
Key Points
- 1Reports Q3 beat with 34% year-over-year backlog growth to $1.3B
- 2Shows stabilizing net new ARR, stable ~74% gross margins, improving adjusted operating margins
- 3Leads to analyst upgrade as shares trade near ~4x forward EV/revenue implying 13–15% upside
Scoring Rationale
Earnings beat and margin stabilization drive a notable upgrade; limited by weak Q4 guidance and CFO departure.
Sources
Public references used for this report.
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