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These Analysts Slash Price Targets On SentinelOne Following Weak Revenue Forecast

Published 15/03/2023, 14:10
© SentinelOne PR These Analysts Slash Price Targets On SentinelOne Following Weak Revenue Forecast
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Benzinga - SentinelOne, Inc. (NYSE: S) reported a narrower-than-expected loss for its fourth quarter. The company, however, but issued full-year revenue guidance below analyst estimates.

SentinelOne said revenue jumped 92% year-over-year to $126.1 million, which beat average analyst estimates of $124.66 million. The company reported a quarterly loss of 13 cents per share, which beat consensus estimates for a loss of 16 cents per share.

The company expects full-year 2024 revenue to be in the range of $631 million to $640 million versus estimates of $648.66 million.

SentinelOne shares gained 10.2% to $15.94 on Wednesday.

These analysts made changes to their price targets on SentinelOne following the release of results.

  • JMP Securities cut the price target on SentinelOne from $36 to $26. JMP Securities analyst Trevor Walsh maintained a Market Outperform rating.
  • Wells Fargo slashed the price target on SentinelOne from $18 to $16. Wells Fargo analyst Andrew Nowinski maintained an Equal-Weight rating.
  • Guggenheim analyst Raymond McDonough reiterated SentinelOne with a Buy and maintained $18 price target.
  • Needham analyst Alex Henderson reiterated the stock with a Buy and maintained $19 price target.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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