SentinelOne Inc. (NYSE:S) is one of the best low-priced technology stocks to buy right now. On September 8, Robert W. Baird analyst Shrenik Kothari reaffirmed a Buy rating with a $23 price target, as the company continues to strengthen its position in the cybersecurity market following its acquisition of Observo AI.
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The analyst highlighted that the acquisition enhances SentinelOne’s reach in security information and event management (SIEM) and enterprise data workflows. With Observo AI’s upstream data pipeline technology, SentinelOne can exert greater control over data movement, resulting in lower storage costs and improved security effectiveness.
This addresses a major challenge in fragmented security operations center (SOC) environments, where managing and securing massive volumes of data has become increasingly complex.
Kothari noted that the acquisition complements SentinelOne’s existing AI SIEM platform, creating a unified solution for real-time, intelligent data management. This positions the company to offer customers a more comprehensive SecOps platform that improves visibility and response capabilities across enterprise environments.
SentinelOne Inc. (NYSE:S) is a cybersecurity company that provides autonomous endpoint protection, extended detection and response (XDR), and AI-driven security analytics.
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Disclosure: None. This article is originally published at Insider Monkey.