SailPoint initiated with an Outperform at FBN Securities

FBN Securities initiated coverage of SailPoint (SAIL) with an Outperform rating and $18 price target The company, the leader in the Identity Governance and Administration market with a size in this market which is multiples larger than those of any of its competitors, will report fiscal Q4 results on Wednesday, March 18, notes the analyst, who adds that channel checks ahead of the report were “quite positive.”