BMO Capital raised the firm’s price target on SailPoint (SAIL) to $27 from $26 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company reported upside to all top-line metrics, though the management is raising its FY26 ARR guide by slightly less than the beat in the quarter, the analyst tells investors in a research note. BMO adds however that SailPoint is among the best positioned to benefit from enterprises’ increasing focus on machines and AI agents longer term.
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