SentinelOne Inc (S) PT Lowered to $20 at Raymond James, Keeps Strong-Buy
Raymond James analyst Adam Tindle lowered the price target on SentinelOne Inc (NYSE: S) to $20.00 (from $25.00) while maintaining a Strong Buy rating.
The analyst comments "We maintain our Strong Buy rating on S after disastrous F1Q24 (April) results and guidance, as we see little value to a reactionary downgrade considering shares are indicated down significantly (after hours $13.32). We see investors rightfully throwing this baby out with the bathwater, and intend to monitor checks for indications that the consumption issue will bleed into the rest of the business. We take an honest look at our core thesis and tie in key incremental information from the call in order to help investors understand how to digest the true debate on this company from here, in our view."