SentinelOne price target lowered to $25 from $30 at Loop Capital

Loop Capital lowered the firm’s price target on SentinelOne to $25 from $30 but keeps a Buy rating on the shares. The company’s Q1 results represented its fourth consecutive quarter of at least in-line quarter and also marked its first positive cash flow quarter, though because of the persistent macro headwinds and short-term transition risk related to its go-to-market change, the management decided to temper its outlook, the analyst tells investors in a research note. Loop adds however that it still remains comfortable with the company’s execution and its strong product-led growth strategy.