BTIG lowered the firm’s price target on SentinelOne (S) to $21 from $27 but keeps a Buy rating on the shares. The company’s Q1 results were “disappointing”, with “soft” annual recurring revenue due to a pause in activity in April related to macro uncertainty, the analyst tells investors in a research note. BTIG notes however that the management noted that trends stabilized in May, expecting substantially better sequential growth in Q2 relative to prior years.
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Read More on S:
- SentinelOne’s Resilience and Growth Potential: A Buy Rating Amidst Macroeconomic Challenges
- SentinelOne price target lowered to $22 from $28 at Deutsche Bank
- SentinelOne Downgraded to Hold Amid Weak Guidance and Profitability Challenges
- SentinelOne price target lowered to $24 from $25 at Susquehanna
- SentinelOne price target lowered to $25 from $27 at Bernstein
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