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 reissued by analysts at BTIG Research in a note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a $29.00 price objective on the stock. BTIG Research's target price would suggest a potential upside of 34.20% from the company's current price.

A number of other research analysts have also recently commented on the company. Mizuho upped their price target on SailPoint from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Arete Research raised SailPoint to a "strong sell" rating and set a $16.00 price objective on the stock in a research report on Monday, July 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $29.00 price objective (up previously from $27.00) on shares of SailPoint in a research report on Thursday, June 12th. Scotiabank began coverage on SailPoint in a research report on Wednesday, September 3rd. They set a "sector outperform" rating and a $25.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 price objective on the stock in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SailPoint currently has a consensus rating of "Moderate Buy" and an average target price of $25.48.

SailPoint Stock Up 3.7%

NASDAQ:SAIL traded up $0.77 during trading hours on Tuesday, reaching $21.61. 3,132,030 shares of the stock were exchanged, compared to its average volume of 2,622,697. The business has a 50-day moving average of $20.60 and a two-hundred day moving average of $19.95. SailPoint has a twelve month low of $15.05 and a twelve month high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The firm had revenue of $264.36 million for the quarter, compared to analyst estimates of $243.41 million. The business's revenue for the quarter was up 32.9% compared to the same quarter last year. 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 large investors have recently bought and sold shares of SAIL. Assetmark Inc. purchased a new position in SailPoint in the first quarter valued at $32,000. Loomis Sayles & Co. L P purchased a new position in SailPoint in the second quarter valued at $42,000. State of Wyoming purchased a new position in SailPoint in the second quarter valued at $45,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in SailPoint in the first quarter valued at $49,000. Finally, Quarry LP purchased a new position in SailPoint in the first quarter valued at $70,000.

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.