SentinelOne price target raised to $24 from $22 at DA Davidson

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.