SentinelOne price target lowered to $23.50 from $26 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on SentinelOne (S) to $23.50 from $26 and keeps a Neutral rating on the shares after its “mixed” Q4 results, with lower than expected EPS and below-consensus guidance. SentinelOne provided several comments on the health of its business and its opportunity to reaccelerate net new annual recurring revenue, NNARR, growth in the second half, though the weaker NNARR outlook could reflect an impact from CrowdStrike’s (CRWD) more aggressive platform approach, the analyst tells investors in a research note.