Jefferies Trims SentinelOne (S) Price Target, Maintains Buy Rating
SentinelOne, Inc. (NYSE:S) is one of . Jefferies analyst Joseph Gallo has lowered the firm's price target on SentinelOne, Inc. (NYSE:S) to $23 from $25, while maintaining a Buy rating on the shares. The adjustment reflects a broader reduction in price targets across Jefferies' U.S. software coverage, prompted by recent multiple compression and early signs of softening macroeconomic conditions affecting deal-making in the technology sector.
Gallo pointed out that these factors could lead to what he describes as another 'mullet' year for software companies, characterized by a challenging first half followed by a stronger second half. Despite this outlook, Jefferies has not yet lowered its earnings estimates for SentinelOne, choosing instead to await further data from upcoming first-quarter checks. The analyst also noted that SentinelOne's recent guidance assumed no significant improvement in market conditions, underscoring the cautious tone from management. As uncertainty continues, many investors appear to be holding back, adopting a wait-and-see approach to gauge how the evolving environment will affect technology spending and deal activity. While the cautious stance has led to a tempered near-term outlook, Jefferies remains positive on SentinelOne's longer-term prospects, keeping a Buy rating on the stock. While we acknowledge the potential of S to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than S and that has 100x upside potential, check out our report about this cheapest AI stock.READ NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and . Disclosure: None.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fox News
26 minutes ago
- Fox News
Gutfeld! - Friday, June 27
All times eastern Fox Business in Depth: Red, White and Blue Collar/Dagen McDowell Maria Bartiromo's Wall Street FOX News Radio Live Channel Coverage
Yahoo
27 minutes ago
- Yahoo
Delta Air Lines' Q2 2025 Earnings: What to Expect
Atlanta, Georgia-based Delta Air Lines, Inc. (DAL) provides scheduled air transportation for passengers and cargo. With a market cap of $31.5 billion, the global airline leader offers flight status information, bookings, baggage handling, and other related services. The global airline leader is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Thursday, Jul. 10. Ahead of the event, analysts expect DAL to report a profit of $1.92 per share on a diluted basis, down 18.6% from $2.36 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecast on two other occasions. Dear Nvidia Stock Fans, Watch This Event Today Closely Can Broadcom Stock Hit $400 in 2025? A $2 Billion Reason to Sell Super Micro Computer Stock Now Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the full year, analysts expect DAL to report EPS of $5.08, down 17.5% from $6.16 in fiscal 2024. However, its EPS is expected to rise 28.7% year over year to $6.54 in fiscal 2026. DAL stock has underperformed the S&P 500 Index's ($SPX) 12.1% gains over the past 52 weeks, with shares up 1.6% during this period. Similarly, it underperformed the Industrial Select Sector SPDR Fund's (XLI) 19.4% gains over the same time frame. Delta's performance has been hindered by economic uncertainty and trade conflicts, which have dampened the travel market. As a result, the airline is scaling back its capacity growth plans to match supply with weaker demand. On Apr. 9, DAL shares closed up more than 23% after reporting its Q1 results. Its adjusted EPS of $0.46 surpassed Wall Street expectations of $0.40. The company's revenue was $14 billion, exceeding Wall Street forecasts of $13.8 billion. DAL expects Q2 adjusted EPS in the range of $1.70 to $2.30. Analysts' consensus opinion on DAL stock is bullish, with a 'Strong Buy' rating overall. Out of 21 analysts covering the stock, 19 advise a 'Strong Buy' rating, and two give a 'Hold.' DAL's average analyst price target is $61.91, indicating a potential upside of 26.4% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29 minutes ago
- Yahoo
Senate Unveils New Trump Tax Draft With Plans to Vote Soon
(Bloomberg) -- Senate Republicans unveiled a new version of their $4.2 trillion tax cut package, moving closer to a vote as they near a July 4 deadline set by President Donald Trump. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares US Renters Face Storm of Rising Costs Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Sprawl Is Still Not the Answer Mapping the Architectural History of New York's Chinatown The new draft reflects compromises among warring factions of the Senate GOP which has been divided over how much to cut safety-net programs such as Medicaid and how rapidly to phase out of renewable energy tax credits enacted under the Biden administration. Senate Majority Leader John Thune has said he plans for his chamber to start voting on the tax bill Saturday with final votes coming as soon as early Sunday. Party leaders plan to bring House members back to Washington early next week for what they hope will be final approval of the measure in time for Trump's Independence Day deadline. It is not yet clear if the 50 Senate Republicans needed to pass the bill are all on board. The bill can be further altered on the Senate floor to secure the votes if needed. The House could make more changes if Speaker Mike Johnson has trouble corralling votes for the measure. SALT Deduction A tentative deal with House Republicans to increase the state and local tax deduction is included. The bill would raise the SALT deduction cap from $10,000 to $40,000 for five years before snapping back to the $10,000 level. The new cap applies to 2025 and rises 1% in subsequent years. The ability to claim the full SALT amount would phase out for those making more than $500,000 per year. A House attempt to curb the ability of pass-though businesses to circumvent the SALT cap is removed from the text. The deal has the support of most members of the House SALT caucus of Republicans from high-tax swing districts. While decried by conservatives for costing hundreds of billions of dollars, it has the blessing of the White House. Senate Republicans also deleted a Section 899 'revenge tax' on some foreign companies and investors that had spooked Wall Street, after Treasury Secretary Scott Bessent requested the change. The Senate measure makes permanent individual and business tax breaks enacted in 2017, while adding temporary new breaks for tipped and overtime workers, seniors and car-buyers. Medicaid Changes To win over moderate Republicans, the bill would create a new $25 billion rural hospital fund aimed at helping mitigate the impact of Medicaid cuts, which otherwise could force some rural providers to shut down. Republican Senator Susan Collins of Maine, however, had demanded a $100 billion fund. Moderate Republicans also won a delay from 2031 to 2032 on the full impact of a new 3.5% cap on state Medicaid provider taxes. States often use these taxes, within some already existing rules, to draw down federal funding and increase payments to facilities like hospitals. Limits on the Medicaid funding mechanism would begin phasing in in 2028. The cap on provider taxes would only apply to states that expanded Medicaid coverage for low-income people under the Affordable Care Act. According to the Kaiser Family Foundation, 40 states and the District of Columbia have done so. The House-passed version of the bill proposed a moratorium on new or increased provider taxes, which the Congressional Budget Office said would save the federal government more than $89 billion over the next decade. The measure also would impose new work requirements on Medicaid recipients and require Medicaid beneficiaries who gained eligibility through the Affordable Care Act to pay a share of their costs through charges such as co-pays and deductibles. Renewable Energy Senate Republicans moved up a cut-off tax credits used for wind and solar projects even earlier then they initially proposed, amid pushback on the credits from Trump. The new measure requires those projects to be 'placed in service' by the end 2027 to receive the incentives, as opposed to simply under construction. The change, if it makes into law, could be a blow to companies such as NextEra Energy Inc., the biggest US developer of wind and solar projects. Senate Democratic leader Chuck Schumer warned Americans in a social media post that Republicans' plan to phase out the clean energy tax breaks would 'jack up your electric bills and jeopardize hundreds of thousands of jobs.' Republicans also would end a popular $7,500 consumer tax credit for electric vehicles earlier than in the prior drafts. While the initial proposal would have ended the incentive at the end of this year for most EV sales, the new version terminates the credit after September 30, 2025. Tax credits for the purchase of used and commercial electric vehicles would end at the same time. The new draft adds back in a plan to sell as much as 1.2 million acres of Interior Department land for housing and 'community development' across 11 western states. The measure, championed by Senator Mike Lee, a Utah Republican could raise as much as $6 billion. But it has drawn opposition from some Republican senators representing affected states, who have vowed to strike it from the bill. The phase-out of a tax credit for hydrogen production would be delayed to cover projects that begin construction through 2028. The previous version of the legislation ended the credit this year. The bill would slash funding for the Consumer Financial Protection Bureau, cut federal payments to states for food stamps and boost funds for a US-Mexico border wall among other things. The measure would avert a US payment default as soon as August by raising the debt ceiling by $5 trillion. --With assistance from Mike Dorning. (Updates with additional details throughout.) America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Apple Test-Drives Big-Screen Movie Strategy With F1 ©2025 Bloomberg L.P. Sign in to access your portfolio
