SailPoint’s (SAIL) Buy Rating Reaffirmed at BTIG Research

BTIG Research restated their buy rating on shares of SailPoint (NASDAQ:SAIL) in a research note published on Tuesday morning, Marketbeat reports. The firm currently has a $29.00 target price on the stock.

Several other research firms have also issued reports on SAIL. Barclays upped their target price 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. BMO Capital Markets upped their target price on shares of SailPoint from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $29.00 target price (up previously from $27.00) on shares of SailPoint in a research note on Thursday, June 12th. The Goldman Sachs Group reiterated a “neutral” rating on shares of SailPoint in a research note on Wednesday, June 11th. Finally, Wells Fargo & Company upped their target price 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. One investment 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.48.

SailPoint Stock Performance

SAIL opened at $20.66 on Tuesday. The company’s fifty day moving average price is $20.67 and its two-hundred day moving average price is $19.99. SailPoint has a 1-year low of $15.05 and a 1-year high of $26.35.

SailPoint (NASDAQ:SAIL) last released 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’s revenue was up 32.9% on a year-over-year basis. 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 institutional investors have recently added to or reduced their stakes in SAIL. Stephens Investment Management Group LLC bought a new position in SailPoint during the first quarter valued at about $23,213,000. Allianz Asset Management GmbH bought a new position in SailPoint during the first quarter valued at about $3,496,000. GW&K Investment Management LLC bought a new position in SailPoint during the first quarter valued at about $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in SailPoint during the first quarter valued at about $1,683,000. Finally, Assetmark Inc. bought a new position in SailPoint during the first quarter valued at about $32,000.

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.