Canaccord Genuity Downgrades SentinelOne to Hold, Lowers Price Target to $14
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst Michael Walkley downgraded SentinelOne (NYSE:S) from Buy to Hold and lowered the price target from $20 to $14.
June 02, 2023 | 9:28 am
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NEGATIVE IMPACT
SentinelOne downgraded to Hold by Canaccord Genuity, with a reduced price target of $14 from $20.
The downgrade from Buy to Hold and the reduction in price target from $20 to $14 by Canaccord Genuity analyst Michael Walkley indicates a less optimistic outlook for SentinelOne's stock. This could lead to a negative short-term impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100