Why Wells Fargo Sees Promise in SentinelOne (S) but Stops Short of Going Bullish

SentinelOne, Inc. (NYSE:S) is one of the cheap AI stocks to buy in 2026.

On March 3, 2026, Wells Fargo initiated coverage of SentinelOne with an Equal Weight rating and a $13 price target, with The Fly identifying Richard Poland as the analyst. Reports summarizing the note said Wells Fargo sees SentinelOne as a meaningful player in endpoint security, but one facing heavyweight competition from larger platforms such as CrowdStrike, Microsoft, and Palo Alto Networks. The firm also said SentinelOne’s valuation is compelling, while arguing the company’s recent phase has been uneven as growth has slowed and management has pushed harder on profitability.

The same reports said Wells Fargo’s field work and CIO survey pointed to endpoint security being a lower priority area heading into 2026, which helps explain the more balanced stance despite the stock’s valuation backdrop.

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SentinelOne, Inc. (NYSE:S) is a cybersecurity company that provides an AI-powered security platform for endpoint, cloud, and identity protection. The company is best known for its Singularity platform.

While we acknowledge the potential of S as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.