SentinelOne price target lowered to $18 from $19 at Scotiabank

Scotiabank analyst Patrick Colville lowered the firm’s price target on SentinelOne (S) to $18 from $19 and keeps a Sector Perform rating on the shares. While the firm applauds the company for materially improving its operating margins y/y, Scotiabank remains concerned that capping investment might impact the company’s ability to compete versus larger peers, the analyst tells investors