SentinelOne price target lowered to $20 from $33 at Barclays

Barclays analyst Saket Kalia lowered the firm’s price target on SentinelOne to $20 from $33 and keeps an Equal Weight rating on the shares ahead of the company’s results on December 6. The analyst estimates sequentially lower net new annul recurring revenue of $58M given Attivo and the early close of an eight-figure deal last quarter, but thinks upside could be $63M on record pipeline and platform adoption.