![]() Davidson analyst Rudy Kessinger downgraded SentinelOne to neutral from buy, and cut his price target to $13.50 from $22, because of “new business / ARR growth rapidly declining.” “To us, it looks like new business fell off a cliff.” “Outside of critical ARR revisions, weakness in the quarter is hard to reconcile with management’s commentary around gross retention being stable, upsell and new business being in line with expectations, and competitive win rates remaining unchanged,” McDonough said in a note. Nvidia CEO feels ‘perfectly safe’ sourcing from Taiwan’s TSMC amid China tensions Guggenheim analyst Raymond McDonough, who has a buy rating and a $16 price target, down from $24, said SentinelOne reported “a surprisingly weak quarter as necessary revisions to historical ARR figures clearly impeded management’s ability (and ours) to forecast revenue and ARR with any sort of accuracy.” ![]() From June 2021: SentinelOne stock bolts out of gate on first day, closes 20% above IPO price ![]()
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