SailPoint (NASDAQ:SAIL) Now Covered by Analysts at Oppenheimer

Key Points

• Oppenheimer initiated coverage of SailPoint with an “outperform” rating and a $30 price target, implying approximately 50.7% upside from the reported $19.91 share price.
• Analyst sentiment is broadly positive: 20 analysts rate the stock a Buy, six recommend Hold and one recommends Sell, resulting in a “Moderate Buy” consensus and an average price target of $21.99.
• SailPoint reported quarterly EPS of $0.09 versus the $0.08 consensus estimate, while revenue rose 17% year over year to $308.81 million; however, the company still posted a negative net margin of 16.92%.

Research analysts at Oppenheimer assumed coverage on shares of SailPoint (NASDAQ:SAIL - Get Free Report) in a research report issued on Wednesday, MarketBeat Ratings reports. The firm set an "outperform" rating and a $30.00 price target on the stock. Oppenheimer's price target would indicate a potential upside of 50.68% from the stock's current price.

A number of other equities research analysts have also weighed in on SAIL. Bank of America boosted their price objective on shares of SailPoint from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Friday, September 18th. Rosenblatt Securities restated a "neutral" rating and issued a $17.00 target price on shares of SailPoint in a research note on Thursday, September 10th. BMO Capital Markets reiterated a "buy" rating and set a $21.00 price target on shares of SailPoint in a research note on Thursday, September 10th. Cantor Fitzgerald increased their price objective on SailPoint from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Tuesday, September 1st. Finally, BTIG Research restated a "buy" rating and issued a $21.00 price objective on shares of SailPoint in a research note on Wednesday, September 9th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.99.

SailPoint Price Performance

Shares of SAIL stock opened at $19.91 on Wednesday. SailPoint has a 1-year low of $10.30 and a 1-year high of $23.90. The company has a market cap of $11.37 billion, a price-to-earnings ratio of -58.56, a price-to-earnings-growth ratio of 2.23 and a beta of 2.15. The stock's fifty day moving average price is $19.14 and its 200 day moving average price is $15.73.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. The firm had revenue of $308.81 million for the quarter. During the same quarter last year, the company earned ($0.02) EPS. The business's revenue was up 17.0% compared to the same quarter last year. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. As a group, equities research analysts anticipate that SailPoint will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On SailPoint

Several hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP purchased a new position in shares of SailPoint during the 2nd quarter valued at about $66,173,000. BlackRock Inc. purchased a new stake in shares of SailPoint in the second quarter worth about $65,050,000. Stephens Investment Management Group LLC boosted its stake in shares of SailPoint by 51.0% in the first quarter. Stephens Investment Management Group LLC now owns 2,895,700 shares of the company's stock worth $38,339,000 after buying an additional 978,376 shares during the last quarter. Bank of America Corp DE grew its holdings in SailPoint by 40.1% during the first quarter. Bank of America Corp DE now owns 1,764,870 shares of the company's stock worth $23,367,000 after acquiring an additional 504,726 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in SailPoint during the second quarter worth about $21,266,000.

More SailPoint News

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Scotiabank raised its price target to $24 from $22 and assigned a “Sector Outperform” rating, implying meaningful upside from the referenced share price. The upgrade is likely the clearest near-term catalyst for the stock. SailPoint Stock Price Expected to Rise, Scotiabank Analyst Says
• Positive Sentiment: At its Navigate conference, SailPoint introduced Autonomous Agents designed to enforce access policies, reduce excessive privileges and protect systems, along with Autonomous Identity Security Posture Management for continuous exposure detection and remediation. These offerings could strengthen SailPoint’s competitive position as enterprises deploy more AI agents. SailPoint Unlocks a Secure Agentic Era with Autonomous Identity Security
• Positive Sentiment: A SailPoint survey found that 79% of enterprises are running AI agents in production, while only 2% use purpose-built security tools. The resulting security gap highlights a potentially large market opportunity for SailPoint’s identity-governance products. SailPoint Horizons of Identity Security Report
• Positive Sentiment: The company also announced modernization across its cloud and on-premises platforms, including expanded Human Fabric capabilities and IdentityIQ 9.0. The updates may support customer retention and additional enterprise sales. SailPoint Announces Platform Modernization
• Neutral Sentiment: KeyCorp maintained a “Sector Weight” rating and projected EPS of $0.33 for FY2027, $0.41 for FY2028 and $0.52 for FY2029. The estimates indicate expected earnings growth but do not represent an immediate rating catalyst. KeyCorp Weighs in on SailPoint Earnings

About SailPoint

SailPoint, Inc NASDAQ: SAIL is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.

The company's offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.

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