Wells Fargo analyst Andrew Nowinski lowered the firm’s price target on SentinelOne (S) to $22 from $30 and keeps an Overweight rating on the shares. Shares of SentinelOne traded down after market close, as the results and guidance were below expectations, the firm notes. That said, growth still remains above peers, and the company is now profitable with positive free cash flow, Wells adds. The firm believes estimates should now be reset to a beatable level.
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