SailPoint price target lowered to $18 from $21 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on SailPoint (SAIL) to $18 from $21 and keeps a Neutral rating on the shares. The post-earnings decline in the stock reflects limited upside Q4 across metrics and annualized recurring revenue outlook for FY27 coming in 2% below the Street, the analyst tells investors in a research note. SailPoint is navigating the law of large numbers as well as potentially uneven pipeline trends tied to momentum around the IPO as well as the slightly longer sales cycles as customers engage on AI, the firm adds.