JPMorgan analyst Brian Essex lowered the firm’s price target on SentinelOne (S) to $27 from $33 and keeps an Overweight rating on the shares ahead of the earnings report on March 12. The firm expects SentinelOne to report net new annual recurring revenue just over consensus estimates with “constructive” fiscal 2026 guidance. JPMorgan’s industry conversations were mixed to slightly positive for this quarter and supported management commentary which indicated that CrowdStrike’s outage-related benefit is materializing in the company’s pipeline, the analyst tells investors in a research note. The firm cites peer multiple contraction for the target cut.
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