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

Key Points

• BTIG Research has reiterated a "buy" rating for SailPoint (SAIL) with a price target of $29.00, indicating a potential upside of 29.99% from the previous close.
• SailPoint's earnings exceeded expectations, reporting $0.07 earnings per share and revenues of $264.36 million, up 32.9% year-over-year.
• The current average rating for SailPoint is a "Moderate Buy," with one analyst rating it as a strong buy and a consensus price target of $25.48.

SailPoint (NASDAQ:SAIL - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at BTIG Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $29.00 price objective on the stock. BTIG Research's target price would indicate a potential upside of 29.99% from the company's previous close.

SAIL has been the topic of several other reports. BMO Capital Markets decreased their price target on shares of SailPoint from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Arete Research raised shares of SailPoint to a "strong sell" rating and set a $16.00 price target on the stock in a research note on Monday, July 7th. Barclays lifted their price target on shares of SailPoint from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Wells Fargo & Company lifted their price target on shares of SailPoint from $16.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. raised shares of SailPoint from a "neutral" rating to an "overweight" rating and set a $26.00 price target on the stock in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.48.

SailPoint Stock Performance

SAIL stock opened at $22.31 on Tuesday. The company's 50 day moving average is $20.85 and its 200 day moving average is $19.89. SailPoint has a 1-year low of $15.05 and a 1-year high of $26.35.

SailPoint (NASDAQ:SAIL - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $264.36 million during the quarter, compared to the consensus estimate 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.

Institutional Trading of SailPoint

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIL. Assetmark Inc. purchased a new stake in SailPoint in the first quarter worth $32,000. Loomis Sayles & Co. L P bought a new position in SailPoint in the second quarter worth $42,000. State of Wyoming bought a new position in SailPoint in the second quarter worth $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in SailPoint in the first quarter worth $49,000. Finally, Quarry LP bought a new position in SailPoint in the first quarter worth $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.

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