SentinelOne price target raised to $17 from $14 at Canaccord

Canaccord raised the firm’s price target on SentinelOne to $17 from $14 and keeps a Hold rating on the shares. The firm said both the April quarter results and Q2 and 2024 guidance were below their estimates due to the tough macro impacting deal size and pipeline conversion rates and given the slower growth rate, large ongoing operating losses, and the accounting change, they remain on the sidelines.