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SailPoint initiated with an Outperform at Baird

Baird initiated coverage of SailPoint (SAIL) with an Outperform rating and $26 price target With identity threats surging, SailPoint’s governance-first identity platform is increasingly mission-critical, the analyst tells investors in a research note. The firm believes the company is benefiting from the rising importance of artificial intelligence-ready identity controls with the evolution to real-time privileges.

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