SailPoint's (SAIL) Buy Rating Reaffirmed at BTIG Research

Key Points

• SailPoint's stock has a "Buy" rating reiterated by BTIG Research with a target price of $29.00, indicating a potential upside of 29.52% from its previous close.
• The company's average rating is categorized as "Moderate Buy," with a consensus price target of $25.58 from various research firms.
• SailPoint recently reported earnings of $0.07 per share, exceeding analysts' expectations of $0.04, and provided FY 2026 guidance of $0.200-0.220 EPS.

SailPoint (NASDAQ:SAIL - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at BTIG Research in a research report issued on Tuesday, Marketbeat.com reports. They presently have a $29.00 price objective on the stock. BTIG Research's price target would indicate a potential upside of 34.20% from the stock's current price.

Other analysts have also issued research reports about the company. BMO Capital Markets upped their price objective on SailPoint from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Arete Research raised SailPoint to a "strong sell" rating and set a $16.00 price objective on the stock in a report on Monday, July 7th. Morgan Stanley raised SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a research report on Tuesday, September 2nd. Cantor Fitzgerald started coverage on SailPoint in a research report on Monday, June 30th. They issued an "overweight" rating and a $29.00 target price for the company. Finally, Mizuho lifted their price target on SailPoint from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.48.

SailPoint Stock Performance

SailPoint stock traded up $0.77 during trading hours on Tuesday, reaching $21.61. 3,132,030 shares of the company's stock traded hands, compared to its average volume of 2,204,798. The firm's 50 day moving average is $20.60 and its 200-day moving average is $19.98. SailPoint has a fifty-two week low of $15.05 and a fifty-two week high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $264.36 million for the quarter, compared to the consensus estimate of $243.41 million. The company's revenue was up 32.9% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Hedge Funds Weigh In On SailPoint

Several institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its stake in SailPoint by 3.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company's stock valued at $1,072,000 after purchasing an additional 1,510 shares during the last quarter. Assetmark Inc. bought a new position in shares of SailPoint in the first quarter worth $32,000. Loomis Sayles & Co. L P bought a new position in shares of SailPoint in the second quarter worth $42,000. State of Wyoming bought a new position in shares of SailPoint in the second quarter worth $45,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of SailPoint in the first quarter worth $49,000.

SailPoint Company Profile

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.