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Stock impact report

What Does Wall Street Think About SailPoint (SAIL)? [Yahoo! Finance]

SailPoint, Inc. (SAIL) 
Last sailpoint, inc. earnings: 2/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.sailpoint.com
Company Research Source: Yahoo! Finance
SailPoint, Inc. (NASDAQ:SAIL) on December 16 and set a price target of $23.00. SailPoint, Inc. (NASDAQ:SAIL) also received a rating update from Scotiabank on December 10, with the firm lowering the price target to $24 from $25 and maintaining an Outperform rating on the shares. It told investors that while fiscal Q3 annual recurring revenue (ARR) beat was a “tad underwhelming”, the trends were offset by strong fiscal Q4 ARR guidance. The firm continues to believe that the risk-reward on SailPoint, Inc. (NASDAQ:SAIL) skews to the upside. In addition to Scotiabank, Mizuho also lowered the price target on the stock to $23 from $24 the same day while reaffirming a Neutral rating. The firm told investors in a research note that SailPoint, Inc. (NASDAQ:SAIL) delivered a strong fiscal Q3 with 28% total annual recurring revenue growth and 38% SaaS ARR, both of which slightly exceeded expectations. These trends were attributed to solid cloud-migration activity and broad demand. It added that Show less Read more
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