SailPoint Technologies Holdings (SAIL) PT Lowered to $18 at Morgan Stanley

Morgan Stanley analyst Meta Marshall lowered the price target on SailPoint Technologies Holdings (NASDAQ: SAIL) to $18.00 (from $25.00) while maintaining a Overweight rating.

The analyst commented, "SAIL's FQ4 beat across the board, w/ growing traction of new AI products (17% NNARR /2x Q/Q). While new products showing traction, company taking a more prudent approach to the new FY as products early and SaaS transition ongoing. Val'n attractive, but will need stronger beats to provide a catalyst."

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