SailPoint (NASDAQ:SAIL – Get Free Report) had its price objective upped by Robert W. Baird from $22.00 to $25.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 27.68% from the stock’s previous close.
Several other analysts have also weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of SailPoint in a research note on Monday. DA Davidson reiterated a “neutral” rating and set a $17.00 price objective on shares of SailPoint in a research note on Thursday, September 10th. Rosenblatt Securities reissued a “neutral” rating and issued a $17.00 target price on shares of SailPoint in a report on Thursday, September 10th. Royal Bank Of Canada lifted their target price on SailPoint from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Barclays increased their price target on SailPoint from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.11.
View Our Latest Research Report on SailPoint
SailPoint Price Performance
SailPoint (NASDAQ:SAIL – Get Free Report) last released its earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $308.81 million during the quarter. SailPoint had a negative net margin of 16.92% and a positive return on equity of 2.44%. SailPoint’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. On average, equities research analysts forecast that SailPoint will post 0.33 earnings per share for the current fiscal year.
Institutional Trading of SailPoint
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gables Capital Management Inc. bought a new stake in shares of SailPoint during the 2nd quarter worth $29,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of SailPoint in the second quarter worth approximately $50,000. State of Wyoming purchased a new stake in shares of SailPoint in the 2nd quarter valued at approximately $56,000. Legal & General Group Plc purchased a new position in SailPoint during the 2nd quarter worth approximately $94,000. Finally, FNY Investment Advisers LLC lifted its holdings in shares of SailPoint by 12.0% in the second quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company’s stock valued at $122,000 after purchasing an additional 900 shares in the last quarter.
Key Headlines Impacting SailPoint
Here are the key news stories impacting SailPoint this week:
- Positive Sentiment: Oppenheimer initiated coverage with an “Outperform” rating and a $30 price target, implying approximately 53% upside from the referenced $19.58 price. The firm said SailPoint is well positioned to become a key provider of identity security for AI agents. Oppenheimer initiates coverage of SailPoint with outperform rating
- Positive Sentiment: Wall Street sentiment remains constructive, with SailPoint rated a “Moderate Buy”. Scotiabank analysts also indicated that the stock is expected to rise, adding to the positive analyst backdrop. SailPoint stock rated Moderate Buy
- Positive Sentiment: SailPoint reported that 79% of enterprises are running AI agents in production, while only 2% use purpose-built security tools for them—a potentially large addressable market. The company’s 40-to-1 security gap supports demand for its identity governance products. SailPoint Horizons of Identity Security report
- Positive Sentiment: At its Navigate conference, SailPoint introduced autonomous agents, AI-driven identity security posture management, temporary access controls, agent discovery and compliance automation. These launches could strengthen its competitive position and create new recurring-revenue opportunities. SailPoint autonomous identity security announcement
- Neutral Sentiment: SailPoint’s CEO warned that AI agents need emergency “kill switches” and stronger controls because their permissions can create significant security risks. The warning reinforces the market need for SailPoint’s products, but also highlights the early-stage nature and implementation risks of this market. SailPoint CEO AI agent security comments
SailPoint Company Profile
SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.
The company’s offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.
Featured Articles
- Five stocks we like better than SailPoint
- Constellation Brands Beat Earnings, But Beer Demand Is Still a Problem
- Tesla’s EV Delivery Beat Is In, So What Happens Now?
- Skydance Just Became a Media Giant—With an $80 Billion Debt Load
- Could Velo3D Be the Next Defense Buyout Target?
Receive News & Ratings for SailPoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SailPoint and related companies with MarketBeat.com's FREE daily email newsletter.
