As previously reported, BTIG analyst Gray Powell downgraded SentinelOne (S) to Neutral from Buy and removed the firm’s price target on the shares after recent field checks came back negative. The firm sees increasing competitive pressure from larger platform vendors in the security space and thinks Street estimates for the second half of FY26 and FY27 are too high, notes the analyst, who thinks revenue growth will slow into the low double digits over the next couple of years.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on S:
- SentinelOne downgraded to Neutral from Buy at BTIG
- Roth MKM cybersecurity analysts hold analyst/industry conference call
- Hold Rating on SentinelOne Due to Expensive Acquisition and Competitive Pressures
- AI Daily: OpenAI’s open weight models now available on AWS
- SentinelOne acquisition boosts AI offering, says Jefferies