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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on S:
- SentinelOne’s Q4 results ‘solid’, says Loop Capital
- SentinelOne price target lowered to $24 from $28 at Baird
- SentinelOne price target lowered to $27 from $30 at BTIG
- SentinelOne’s Strong Market Position and Growth Potential Justifies Buy Rating with $26 Price Target
- SentinelOne price target lowered to $25 from $30 at Susquehanna
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue