As previously reported, BofA analyst Tal Liani downgraded SentinelOne (S) to Neutral from Buy with a price target of $21, down from $24, following what the firm calls “a mixed quarter.” For a few quarters now, results have been “uninspiring,” with two consecutive quarters of reduced guidance, and the company is growing at rates similar to CrowdStrike (CRWD), despite having an 80% lower revenue base and carrying about 650 basis points lower profitability, adjusting for scale, the analyst tells investors in a post-earnings note.
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Read More on S:
- SentinelOne: Resilience Amid Challenges and Strategic Growth Opportunities Justify Buy Rating
- SentinelOne downgraded to Neutral from Buy at BofA
- SentinelOne: Balancing Growth and Profitability Amidst Macroeconomic Challenges – A Hold Rating by Keith Weiss
- JPMorgan downgrades SentinelOne to Neutral after ARR miss
- SentinelOne price target lowered to $19 from $21 at Barclays