SentinelOne Gets Price Targets Cut By Analysts After Q3 Results

SentinelOne, Inc. S reported a narrower-than-expected loss for its third quarter on Tuesday.

SentinelOne posted adjusted loss of $0.16 per share, compared to market estimates for a loss of $0.22 per share. The company’s quarterly sales came in at $115.32 million, compared to expectations of $110.96 million.

SentinelOne said it sees FY23 revenue of $420 million to $421 million, compared to market estimates of $416.33 million.
SentinelOne shares fell 0.1% to $14.08 on Wednesday.

These analysts made changes to their price targets on SentinelOne after the company released quarterly results.

• Needham cut the price target on SentinelOne from $28 to $19.. Needham analyst Alex Henderson maintained. Buy rating on the stock.
• Piper Sandler slashed the price target from $29 to $17. Piper Sandler analyst Rob Owens maintained the stock with a Neutral.
• BTIG lowered the price target on SentinelOne from $25 to $20. BTIG analyst Gray Powell maintained the stock with a Buy.
• Barclays cut the price target on the stock from $20 to $18. Barclays analyst Saket Kalia maintained the stock with an Equal-Weight.
• UBS lowered the price target from $39 to $25. UBS analyst Roger Boyd maintained SentinelOne with a Buy.
• Wells Fargo slashed the price target from $23 to $18. Wells Fargo analyst Andrew Nowinski maintained the stock with an Overweight.
• B of A Securities cut the price target from $35 to $28. B of A Securities analyst Tal Liani maintained SentinelOne  with a Buy.
• JMP Securities reduced the price target on SentinelOne from $42 to $36. JMP Securities analyst Trevor Walsh maintained the stock with a Market Outperform.

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