SentinelOne price target lowered to $27 from $30 at BTIG

BTIG analyst Gray Powell lowered the firm’s price target on SentinelOne (S) to $27 from $30 but keeps a Buy rating on the shares. The company delivered decent Q4 results and provided an initial FY26 revenue outlook that was slightly below the Street, the analyst tells investors in a research note. SentinelOne’s net new Annual Recurring Revenue – ARR – adds were flat y/y, but included a quasi one-time item negative impact from $3M in churn on its Deception product, BTIG added, also noting that the company’s FY26 guidance is now set at a conservative level.