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).
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Read More on SAIL:
- SailPoint price target lowered to $25 from $26 at Morgan Stanley
- Cybersecurity survey points to demand slowdown, says Jefferies
- Apple upgraded, Wayfair downgraded: Wall Street’s top analyst calls
- SailPoint initiated with an Equal Weight at Wells Fargo
- Cautious Hold Rating for SailPoint, Inc. Amidst Promising Demand and Competitive Pressures
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