BMO Capital lowered the firm’s price target on SailPoint (SAIL) to $25 from $27 and keeps an Outperform rating on the shares. The company reported upside to all key metrics, though its management is raising most FY26 guide metrics by less than the July quarter beat, the analyst tells investors in a research note. Sailpoint’s FY26 ARR guide also implies strong January quarter net new ARR – annual recurring revenue – growth, and investors would prefer tosee a steadier second-half ARR ramp, BMO added.
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