RBC Capital analyst Matthew Hedberg initiated coverage of SailPoint (SAIL) with an Outperform rating and $27 price target The firm believes SailPoint is in a good position to capitalize on increasing identity spend and maintain “durable growth while driving margins.” It believes the company’s believe profitability is “biased upward” as the company’s accelerated software-as-a-service transition supports long-term growth.
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Read More on SAIL:
- SailPoint initiated with an Overweight at Barclays
- SailPoint initiated with a Neutral at Goldman Sachs
- SailPoint initiated with an Outperform at BMO Capital
- SailPoint, Inc.: A Buy Rating Backed by Strong Market Position and Growth Potential
- SailPoint, Inc.: Balancing Growth Potential and Market Challenges with a Hold Rating