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SailPoint initiated with an Outperform at Scotiabank

Scotiabank initiated coverage of SailPoint (SAIL) with an Outperform rating and $25 price target The company’s near-term sales targets are achievable and over the medium term, SailPoint is well positioned to win in agentic artificial intelligence identity security, a market which could top $1B in 2028, the analyst tells investors in a research note. The firm sees “ample room” for margin improvement through fiscal 2027 and share gains for SailPoint.

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