JPMorgan lowered the firm’s price target on SentinelOne (S) to $17 from $19 and keeps a Neutral rating on the shares following the Q3 report. While the company’s annual recurring revenue was in-line with consensus and revenue slightly above, the lack of upside in the full-year outlook and the announcement that the company’s CFO would be leaving overshadowed the results, the analyst tells investors in a research note. The firm trimmed estimates post the report.
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Read More on S:
- Cautious Outlook on SentinelOne: Hold Rating Amid Market Stagnation and Leadership Changes
- SentinelOne price target lowered to $23 from $26 at Canaccord
- SentinelOne price target lowered to $18 from $19 at BofA
- SentinelOne price target lowered to $20 from $28 at Piper Sandler
- SentinelOne price target lowered to $23 from $29 at Citizens JMP