SentinelOne price target raised to $17 from $15 at Piper Sandler

Piper Sandler raised the firm’s price target on SentinelOne to $17 from $15 and keeps a Neutral rating on the shares. The company’s Q2 showed improved execution, but also a “relatively precipitous decline” in growth rates due to the macro and anniversarying inorganic acquisition contribution, the analyst tells investors in a research note. The firm says SentinelOne is still a ways away from profitability.