SentinelOne price target raised to $30 from $28 at Loop Capital

Loop Capital analyst Yun Kim raised the firm’s price target on SentinelOne to $30 from $28 and keeps a Buy rating on the shares. The company’s Q4 results were “steady” and marked its third consecutive quarter of at least in-line quarter, though with its closest peer reporting accelerating growth last week, investors were likely expecting more than an in-line quarter and in-line guidance, the analyst tells investors in a research note. Loop adds that SentinelOne’s results over the last three quarters indicate that its business trends continue to stabilize and that its sales execution has largely adjusted to the current sales environment, which “remains challenging”.