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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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