SentinelOne price target raised to $19 from $17 at DA Davidson

DA Davidson raised the firm’s price target on SentinelOne (S) to $19 from $17 and keeps a Neutral rating on the shares. The company’s Q2 annual recurring revenue of $1.0B “crushed” consensus estimates, though its revenue guidance raise was just $1.5M as the management cited a prudent view around macro and deal timing, the analyst tells investors in a research note. The firm adds that while the stock remains cheap given its growth rate, it prefers to see more than one quarter of strong execution before turning more constructive.