DA Davidson raised the firm’s price target on SentinelOne to $24 from $22 but keeps a Neutral rating on the shares. The company’s Q4 results were “solidly ahead” of estimates, particularly on operating margins, even though its annual recurring revenue beat was “very modest” relative to that of Crowdstrike (CRWD) last week, the analyst tells investors in a research note. SentinelOne guidance also assumes that macro uncertainties persist, while the management noted that they see the guide as being “prudently set”, the firm added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on S:
- SentinelOne (NYSE:S) Plunges on Soft Revenue Guidance
- SentinelOne Enhances Investor Communication and Transparency
- Options Volatility and Implied Earnings Moves Today, March 13, 2024
- SentinelOne price target raised to $31 from $28 at Needham
- SentinelOne price target raised to $32 from $28 at Wedbush