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SailPoint price target raised to $23 from $20 at Wells Fargo

Wells Fargo raised the firm’s price target on SailPoint (SAIL) to $23 from $20 and keeps an Equal Weight rating on the shares. Identity Governance could be the “right” foundation for providing security for AI agents, and as the market leader in IGA, SailPoint can leverage their existing footprint governing over 125M identities to quickly gain traction in AI agent security, the firm says.

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