DA Davidson lowered the firm’s price target on SentinelOne (S) to $17 from $18 and keeps a Neutral rating on the shares. The company’s annual recurring revenue missed consensus for the second straight quarter, with macro headwinds and elongated sales cycles impacted Q1 annual recurring revenue and the guidance that now reflects potential impacts from heightened macro uncertainty, the analyst tells investors in a research note.
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Read More on S:
- SentinelOne price target lowered to $19 from $21 at UBS
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- SentinelOne’s Resilience and Growth Potential: A Buy Rating Amidst Macroeconomic Challenges
- SentinelOne price target lowered to $22 from $28 at Deutsche Bank
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