Morgan Stanley lowered the firm’s price target on SailPoint (SAIL) to $18 from $25 and keeps an Overweight rating on the shares. Q4 results beat “across the board,” but the company is taking a more prudent approach to the new fiscal year as new products are showing traction, but are early, and its SaaS transition is ongoing, the analyst tells investors. SailPoint “will need stronger beats to provide a catalyst,” the analyst added.
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Read More on SAIL:
- SailPoint price target lowered to $22 from $26 at Baird
- SailPoint: Strong ARR Momentum, Conservative 2027 Guidance, and SaaS Transition Support Buy Rating
- SailPoint price target lowered to $18 from $21 at Goldman Sachs
- SailPoint price target lowered to $17 from $25 at BMO Capital
- SailPoint price target lowered to $16 from $20 at Mizuho