SailPoint price target lowered to $24 from $25 at Mizuho

Mizuho analyst Gregg Moskowitz lowered the firm’s price target on SailPoint (SAIL) to $24 from $25 and keeps a Neutral rating on the shares as part of an earnings preview. The firm’s software checks were “very solid overall.” While there were a few “hiccups” in April amid the tariff-related news, including some customer pauses more tied to certain verticals such as retail and manufacturing, most partners executed well, the analyst tells investors in a research note. Mizuho says cybersecurity generally performed better than other areas of software. The firm’s favorite April-ending stocks to own ahead of the earnings prints are Salesforce (CRM), Okta (OKTA), and Snowflake (SNOW).