SailPoint (NASDAQ:SAIL) Stock Price Expected to Rise, Mizuho Analyst Says

Key Points

• Mizuho analysts have raised SailPoint's target price from $24.00 to $25.00, indicating a potential upside of 13.17% from its current price, while maintaining a "neutral" rating.
• SailPoint recently reported earnings of $0.07 per share, exceeding expectations, with a revenue of $264.36 million, reflecting a 32.9% increase compared to the previous year.
• The company's stock has a consensus rating of "Moderate Buy" from analysts, with a consensus price target of $25.58.

SailPoint (NASDAQ:SAIL - Get Free Report) had its target price raised by investment analysts at Mizuho from $24.00 to $25.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's price objective suggests a potential upside of 13.17% from the company's current price.

Other research analysts have also recently issued reports about the stock. BTIG Research reissued a "buy" rating and set a $29.00 price objective on shares of SailPoint in a report on Tuesday. Arete started coverage on shares of SailPoint in a report on Monday, July 7th. They set a "sell" rating and a $16.00 price objective for the company. Morgan Stanley raised shares of SailPoint from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a report on Tuesday, September 2nd. Stephens raised shares of SailPoint to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, Barclays boosted their target price on shares of SailPoint from $23.00 to $25.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.58.

SailPoint Stock Down 1.0%

SailPoint stock traded down $0.22 during trading hours on Tuesday, hitting $22.09. The stock had a trading volume of 747,600 shares, compared to its average volume of 2,205,730. SailPoint has a 12-month low of $15.05 and a 12-month high of $26.35. The stock's 50-day moving average price is $20.85 and its 200-day moving average price is $19.89.

SailPoint (NASDAQ:SAIL - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $264.36 million during the quarter, compared to analysts' expectations of $243.41 million. The firm's revenue 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

Hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. grew its holdings in SailPoint by 3.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 46,895 shares of the company's stock worth $1,072,000 after acquiring an additional 1,510 shares in the last quarter. Assetmark Inc. bought a new stake in shares of SailPoint in the 1st quarter valued at about $32,000. Loomis Sayles & Co. L P purchased a new position in shares of SailPoint in the 2nd quarter valued at approximately $42,000. State of Wyoming purchased a new position in shares of SailPoint in the 2nd quarter valued at approximately $45,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of SailPoint in the 1st quarter valued at approximately $49,000.

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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