I'll Buy This Stock in a Heartbeat if It Keeps Dropping

Investing can test your patience. Sometimes a flashy stock comes on the market, and you're left resisting the fear of missing out (FOMO) as it spends months trading at a sky-high price. Investors might've felt FOMO since cybersecurity stock SentinelOne (NYSE: S) went public in June 2021.

The marketwide sell-off has steadily pushed shares lower, down 17% since the beginning of January. While the stock's valuation is still far from a bargain, there are three reasons why I'll be looking to buy this stock if it keeps dropping.

It's become common for a company to make the news because it was hacked, with consumer data being corrupted, stolen, or exposed. According to research by International Business Machines, a data breach can have enormous financial consequences, costing an average of $3.86 million per occurrence.

Source Fool.com