Wells Fargo initiated coverage of SailPoint (SAIL) with an Equal Weight rating and $16 price target The firm believes the lack of a platform will limit the company’s long-term growth below 20%, which in turn should limit the stock’s multiple. SailPoint lacks a complete platform at a time when organizations are increasingly looking to consolidate identity vendors onto a single platform, the analyst tells investors in a research note.
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Read More on SAIL:
- Cautious Hold Rating for SailPoint, Inc. Amidst Promising Demand and Competitive Pressures
- SailPoint price target lowered to $24 from $26 at Jefferies
- SailPoint’s Earnings Call Highlights Growth and Innovation
- SailPoint, Inc. Receives Buy Rating from Joseph Gallo Amid Strong Financial Performance and Growth Potential
- SailPoint, Inc.: Strong Market Position and Growth Potential Justify Buy Rating
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