DA Davidson lowered the firm’s price target on SentinelOne (S) to $16 from $19 and keeps a Neutral rating on the shares. The company reported solid Q3 results with annual recurring revenue of $1.055B beating consensus of $1,051B, the analyst tells investors in a research note. Shares remain cheap for the current level of growth but a re-rating higher remains unlikely until it becomes clear growth is going to stabilize, the firm added.
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Read More on S:
- SentinelOne price target lowered to $18 from $20 at Morgan Stanley
- SentinelOne price target lowered to $20 from $23 at Wedbush
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- Cautious Hold Rating on SentinelOne Amid Mixed Signals and Uncertainties
- SentinelOne price target lowered to $17 from $19 at JPMorgan