Morgan Stanley analyst Meta Marshall maintained a Buy rating on SailPoint, Inc. today and set a price target of $25.00.
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Meta Marshall has given his Buy rating due to a combination of factors that highlight SailPoint Inc.’s strong position in the market. The company is poised to benefit from the ongoing migration to SaaS and the increasing need for identity management as enterprises shift to cloud-based solutions and a more distributed workforce. This transition, coupled with the rise of AI agents, positions identity as a critical control point for enterprise security, offering SailPoint a significant opportunity to expand its influence.
Additionally, SailPoint’s recent product innovations, including the announcement of eight new products, demonstrate its commitment to expanding its capabilities and addressing the evolving needs of its customers. The company’s focus on unifying identity, data, and security into a cohesive control plane further strengthens its value proposition. These strategic moves are expected to sustain a 20%+ annual recurring revenue growth, making SailPoint an attractive investment opportunity according to Meta Marshall’s analysis.
In another report released today, Barclays also maintained a Buy rating on the stock with a $25.00 price target.