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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