These Analysts Cut Their Forecasts On SentinelOne After Q1 Results, Shares Plunge

SentinelOne Inc S reported worse-than-expected first-quarter sales and issued weak second-quarter guidance.

Revenue of $133.4 million missed estimates of $136.63 million. The company posted a loss of 15 cents per share, versus market expectations for a loss of 17 cents per share.

SentinelOne said it expects second-quarter revenue of $141 million versus estimates of $151.92 million. The company sees full-year 2024 revenue in a range of $590 million to $600 million versus estimates of $638.49 million.

SentinelOne shares dipped 36.2% to $13.23 in pre-market trading.

These analysts made changes to their price targets on SentinelOne following earnings announcement.

• Canaccord Genuity cut the price target on SentinelOne from $20 to $14. Canaccord Genuity analyst Michael Walkley downgraded the stock from Buy to Hold.
• DA Davidson slashed the price target on SentinelOne from $22 to $13.5. DA Davidson analyst Rudy Kessinger downgraded the stock from Buy to Neutral.
• Barclays lowered SentinelOne price target from $22 to $15. Barclays analyst Saket Kalia maintained an Equal-Weight rating.
• JMP Securities cut SentinelOne price target from $26 to $22. JMP Securities analyst Trevor Walsh maintained the stock with a Market Outperform.
• UBS slashed SentinelOne price target from $19 to $18. UBS analyst Roger Boyd maintained the stock with a Buy.
• Raymond James cut SentinelOne price target from $25 to $20. Raymond James analyst Adam Tindle maintained the stock with a Strong Buy.

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