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SailPoint price target lowered to $23 from $27 at Barclays

Barclays analyst Saket Kalia lowered the firm’s price target on SailPoint (SAIL) to $23 from $27 and keeps an Overweight rating on the shares ahead of the Q1 report in June 11. The firm models net new annual recurring revenue of $21M, but sees an upside scenario of $25M.

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