SailPoint, Inc. (NASDAQ:SAIL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• SailPoint, Inc. (NASDAQ: SAIL) has received a consensus rating of “Moderate Buy” from nineteen research firms, with one strong buy, thirteen buy, three hold, and two sell recommendations.
• The average 12-month price target for SailPoint's stock is $25.50, while firm individual ratings include a $26.00 target from JPMorgan and a $29.00 target from Royal Bank of Canada.
• SailPoint reported quarterly revenue growth of 22.8% year-over-year, with earnings per share of $0.01, surpassing analysts’ expectations.

Shares of SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) have received an average rating of "Moderate Buy" from the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.50.

Several brokerages have recently commented on SAIL. JPMorgan Chase & Co. upgraded SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 target price on the stock in a report on Wednesday, August 13th. Stephens raised shares of SailPoint to a "strong-buy" rating in a report on Tuesday, August 12th. Royal Bank Of Canada restated an "outperform" rating and issued a $29.00 price objective (up previously from $27.00) on shares of SailPoint in a research report on Thursday, June 12th. Arete began coverage on shares of SailPoint in a research note on Monday, July 7th. They issued a "sell" rating and a $16.00 target price for the company. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of SailPoint in a research note on Wednesday, June 11th.

SailPoint Stock Up 1.6%

NASDAQ SAIL opened at $20.98 on Wednesday. SailPoint has a 1-year low of $15.05 and a 1-year high of $26.35. The company has a 50 day moving average of $20.81 and a 200-day moving average of $20.09.

SailPoint (NASDAQ:SAIL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $230.47 million during the quarter, compared to analyst estimates of $225.18 million. SailPoint's quarterly revenue was up 22.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.160-0.200 EPS. Q2 2026 guidance at 0.040-0.050 EPS.

Institutional Investors Weigh In On SailPoint

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. bought a new position in SailPoint in the first quarter valued at about $32,000. Loomis Sayles & Co. L P acquired a new position in SailPoint during the 2nd quarter valued at about $42,000. State of Wyoming bought a new position in shares of SailPoint in the 2nd quarter valued at about $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of SailPoint in the 1st quarter valued at about $49,000. Finally, Amalgamated Bank acquired a new stake in shares of SailPoint during the 2nd quarter worth approximately $71,000.

About SailPoint

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.

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