Bernstein analyst Peter Weed lowered the firm’s price target on SentinelOne (S) to $25 from $27 and keeps an Outperform rating on the shares. The firm notes SentinelOne’s Q1 earnings were negatively impacted by macro weakness in April, slipping deals out of the quarter and leaving its guidance beat at just more than 0% relative to last year’s quarters at 1-3% beats. Bernstein says this was consistent with its channel checks into the quarter.
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Read More on S:
- SentinelOne downgraded to Neutral at BofA after ‘uninspiring’ quarters
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- SentinelOne downgraded to Neutral from Buy at BofA
- SentinelOne: Balancing Growth and Profitability Amidst Macroeconomic Challenges – A Hold Rating by Keith Weiss
- JPMorgan downgrades SentinelOne to Neutral after ARR miss
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