SailPoint price target lowered to $17 from $19 at RBC Capital

RBC Capital lowered the firm’s price target on SailPoint (SAIL) to $17 from $19 and keeps an Outperform rating on the shares as part of a broader research note previewing Q1 results among Software names. Given positive checks, the continued prioritization of identity security, and the company’s conservative guidance, RBC expects upside to quarterly results and believes the setup is neutral to slightly favorable given how weak SailPoint shares have been, the analyst tells investors in a research note.