SailPoint Technologies Holdings (SAIL) PT Lowered to $25 at BMO Capital

BMO Capital analyst Keith Bachman lowered the price target on SailPoint Technologies Holdings (NASDAQ: SAIL) to $25.00 (from $27.00) while maintaining a Outperform rating.

The analyst comments "SAIL reported upside to all key metrics, though management is raising most FY26 guide metrics by less than the July quarter beat. Further, management’s FY26 ARR guide implies strong Jan quarter net new ARR growth, and we think investors would prefer to see a steadier 2HFY26 ARR ramp. Nevertheless, we think SAIL can sustain robust ARR growth over the next few years, and we believe SAIL is among the best-positioned security companies to secure machine/AI agent identities long term. We retain our Outperform rating and lower our target to $25."

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