SentinelOne price target raised to $29 from $27 at Morgan Stanley

Morgan Stanley raised the firm’s price target on SentinelOne (S) to $29 from $27 and keeps an Overweight rating on the shares after the company reported a modest Q4 annual recurring revenue, or ARR, beat and inline calendar 2024 revenue growth outlook of 30%-plus. SentinelOne reported Q4 results that were “solid but below buyside forecasts” given higher expectations following a strong report from Crowdstrike (CRWD) last week, said the analyst, who thinks the risk-reward is favorable and would be buying below $25.