SentinelOne price target raised to $26 from $22 at Barclays

Barclays raised the firm’s price target on SentinelOne (S) to $26 from $22 and keeps an Equal Weight rating on the shares ahead of the Q2 earnings report on August 27. The firm models $42M in net new annual recurring revenue, which it thinks is a reasonable bar, as the Crowdstrike (CRWD) outage likely had little impact in the quarter.