Morgan Stanley Upgrades SailPoint (NASDAQ:SAIL) to Overweight

Key Points

• SailPoint has been upgraded from "equal weight" to "overweight" by Morgan Stanley, with a price target of $25.00, indicating a potential upside of 21.12% from its previous close.
• The company achieved a quarterly revenue increase of 22.8% year-over-year, reporting $230.47 million, alongside earnings per share that beat estimates.
• Recent analyst ratings show a consensus of "Moderate Buy" for SailPoint, with one strong buy, thirteen buys, three holds, and two sell ratings among analysts.

Morgan Stanley upgraded shares of SailPoint (NASDAQ:SAIL - Free Report) from an equal weight rating to an overweight rating in a research note released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $25.00 price target on the stock.

A number of other research analysts have also commented on SAIL. Wells Fargo & Company increased their price objective on SailPoint from $16.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, June 12th. Arete started coverage on SailPoint in a research report on Monday, July 7th. They issued a "sell" rating and a $16.00 price objective for the company. Royal Bank Of Canada restated an "outperform" rating and set a $29.00 target price (up previously from $27.00) on shares of SailPoint in a research report on Thursday, June 12th. The Goldman Sachs Group restated a "neutral" rating on shares of SailPoint in a research report on Wednesday, June 11th. Finally, Mizuho lifted their price objective on SailPoint from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. One 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $25.48.

SailPoint Trading Up 4.4%

Shares of SailPoint stock traded up $0.92 during trading on Tuesday, hitting $21.98. The stock had a trading volume of 3,977,584 shares, compared to its average volume of 2,106,432. The business has a fifty day moving average of $20.70 and a two-hundred day moving average of $20.11. 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 announced its earnings results on Wednesday, June 11th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $230.47 million for the quarter, compared to analysts' expectations of $225.18 million. The firm's revenue for the quarter was up 22.8% compared to the same quarter last year. 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. acquired a new stake in SailPoint in the first quarter valued at $32,000. Loomis Sayles & Co. L P bought a new position in SailPoint in the 2nd quarter valued at about $42,000. State of Wyoming bought a new position in shares of SailPoint during the 2nd quarter worth approximately $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of SailPoint during the 1st quarter worth approximately $49,000. Finally, Quarry LP bought a new stake in shares of SailPoint in the 1st quarter worth approximately $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.