Rosenblatt reiterated a Buy rating and $20 price target on SentinelOne after strong Q1 FY2027 results.
Annual recurring revenue and profitability exceeded expectations. Revenue grew 21% YoY to $276.7 million.
Total ARR increased 23% and net new ARR rose 55% YoY, a new record. Operating margin reached 4.0%. Pro forma EPS of $0.04 beat the $0.02 consensus.
Rosenblatt views the recent pullback as an overreaction. Analysts predict profitability this year.
