SentinelOne price target lowered to $18 from $20 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on SentinelOne (S) to $18 from $20 and keeps an Equal Weight rating on the shares. While “encouraged” around the $3M beat and commentary, particularly around emerging data, AI and cloud products, the CFO transition and conservatism on deal cycles as the company moves upmarket “keeps us on the sidelines for now,” the analyst tells investors in a post-earnings note.