Scotiabank lowered the firm’s price target on SailPoint (SAIL) to $24 from $25 and keeps an Outperform rating on the shares. While Q3 annual recurring revenue, ARR, beat was a “tad underwhelming,” this was offset by strong Q4 ARR guidance, the analyst tells investors. The firm continues to believe the risk-reward on the company skews to the upside.
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Read More on SAIL:
- SailPoint price target lowered to $23 from $24 at Mizuho
- SailPoint’s Strong Financial Performance and Strategic Positioning Earns Buy Rating from Tal Liani
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- SailPoint reports Q3 adjusted EPS 8c
- SailPoint sees Q4 adjusted EPS 8c-9c