SentinelOne price target lowered to $28 from $32 at Piper Sandler

Piper Sandler lowered the firm’s price target on SentinelOne (S) to $28 from $32 and keeps an Overweight rating on the shares. The firm says the negatives on the quarter were evident, but underneath, there were some signs that keep Piper optimistic on the stock from here. The after-hours selloff has pressured valuation below 4-turns revenue, creating a compelling entry point for a name with strong growth and a conservative guidance for the coming year, the firm adds.