SentinelOne price target lowered to $20 from $28 at Piper Sandler

Piper Sandler analyst Rob Owens lowered the firm’s price target on SentinelOne (S) to $20 from $28 on lowered estimates, while keeping an Overweight rating on the shares. Despite showing modest ARR upside and accelerating revenue trends, Q4 guidance and another senior executive departure drove shares lower after hours, the firm notes. Progress with integrating the recent acquisitions and momentum with the newer products are encouraging as is continued momentum in cloud, data and AI, Piper adds.