SailPoint (NASDAQ:SAIL) Price Target Raised to $24.00

SailPoint (NASDAQ:SAIL) had its price objective raised by Scotiabank from $22.00 to $24.00 in a report published on Monday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Several other brokerages have also issued reports on SAIL. Roth Capital reaffirmed a “buy” rating and issued a $21.00 target price (up from $19.00) on shares of SailPoint in a research note on Thursday, September 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $21.00 price objective on shares of SailPoint in a research note on Thursday, September 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $19.00 target price on shares of SailPoint in a research report on Wednesday, June 10th. Wolfe Research restated an “outperform” rating and issued a $18.00 price target on shares of SailPoint in a research report on Wednesday, June 10th. Finally, Morgan Stanley lifted their price objective on SailPoint from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.99.

SailPoint Stock Performance

Shares of SAIL opened at $19.58 on Monday. The business’s fifty day moving average price is $19.22 and its two-hundred day moving average price is $15.78. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of -57.59, a PEG ratio of 2.19 and a beta of 2.15. SailPoint has a 52 week low of $10.30 and a 52 week high of $23.89.

SailPoint (NASDAQ:SAIL) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $308.81 million for the quarter. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%.The company’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company earned ($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. As a group, research analysts forecast that SailPoint will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WINTON GROUP Ltd increased its holdings in shares of SailPoint by 171.8% in the second quarter. WINTON GROUP Ltd now owns 64,954 shares of the company’s stock worth $951,000 after acquiring an additional 41,054 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of SailPoint in the 2nd quarter valued at approximately $464,000. Integrated Wealth Concepts LLC bought a new stake in SailPoint during the 2nd quarter worth approximately $125,000. Corient Private Wealth LP acquired a new stake in SailPoint during the 2nd quarter worth approximately $412,000. Finally, Outfitters Financial LLC raised its holdings in SailPoint by 4.8% during the 2nd quarter. Outfitters Financial LLC now owns 41,175 shares of the company’s stock worth $603,000 after buying an additional 1,900 shares during the period.

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 substantial upside from the recent trading level. The rating adds a new bullish institutional view and helped drive interest in the stock. Oppenheimer initiates coverage of SailPoint with outperform rating
• Positive Sentiment: SailPoint is positioning itself as a key beneficiary of enterprise AI-agent adoption. The company reported that 79% of organizations run AI agents in production, while only 2% use purpose-built identity security tools—a 40-to-1 gap that could create significant demand for SailPoint’s products. SailPoint AI security report
• Positive Sentiment: The company unveiled Autonomous Agents, autonomous identity security posture management, AI-agent discovery, temporary access controls and compliance automation. These capabilities are designed to reduce excessive privileges and secure increasingly autonomous enterprise workflows. SailPoint autonomous identity security announcement
• Neutral Sentiment: SailPoint also announced modernization upgrades for its cloud and on-premises platforms, including Human Fabric capabilities and IdentityIQ 9.0. The releases may support customer retention and expansion, but their near-term financial impact remains uncertain. SailPoint platform modernization announcement
• Neutral Sentiment: KeyCorp maintained a Sector Weight view while modeling fiscal 2027 EPS of $0.33, rising to $0.41 in fiscal 2028 and $0.52 in fiscal 2029. The estimates indicate expected earnings growth but do not represent a rating upgrade. KeyCorp SailPoint earnings estimates

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.