SentinelOne price target lowered to $18 from $20 at Oppenheimer

Oppenheimer lowered the firm’s price target on SentinelOne (S) to $18 from $20 to reflect compression in industry multiples, while keeping an Outperform rating on the shares. The firm notes SentinelOne reported a generally in-line Q4 with a small beat on net new ARR, while its platform story continues to broaden with signs of strength under the surface. New products are gaining meaningful traction, FY27 pipeline build sounds positive, and the company closed several large deals in the quarter.