2024-07-23 19:25:29 ET
Summary
- The global cybersecurity Total Addressable Market is expected to reach $1.5 trillion to $2.0 trillion, about ten times its current size.
- SentinelOne's autonomous turnkey solution with affordable pricing positions it to meet the growing demand for cybersecurity.
- Despite negative net income, SentinelOne competes through innovation, marketing, and acquisitions to capture and retain market share.
- SentinelOne targets a 39.05% upside potential to reach $28.59 in the next twelve months.
Opportunity Within the Cybersecurity Sector
With the increasing demand for protection against cyberattacks, investors recognize the potential returns from high-growth cybersecurity stocks. This trend is reflected in the HACK ETF's near 60% price increase over the last five years. Companies like Palo Alto Networks, Inc. (PANW) and Zscaler, Inc. (ZS) are gaining attention from politicians and analysts alike. However, it's crucial to differentiate whether this growth is organic and sustainable or just a temporary hype bubble. Therefore, of the 24 holdings within HACK, we aimed to find a promising growth opportunity overlooked by Wall Street headlines poised for expansion....
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SentinelOne: Untapped Potential