SentinelOne price target lowered to $24 from $29 at BofA

BofA analyst Tal Liani lowered the firm’s price target on SentinelOne (S) to $24 from $29 and keeps a Buy rating on the shares. Revenue growth of 29.5% was 180 basis points better than Street expectations, but the “focal point of the quarter” was somewhat weaker than expected guidance for revenue and nnARR, the analyst tells investors. Despite weakness in the stock, the firm reiterates a Buy rating as it believes management reset expectations for the year and could deliver in-line or better results, the analyst added.