RBC Capital Reiterates Outperform Rating on SailPoint Technologies Holdings (SAIL), 'Picking up speed in calmer waters'

January 26, 2021 4:34 PM EST
Get Alerts SAIL Hot Sheet
Price: $48.47 -1.9%

Rating Summary:
    17 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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RBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $68.00 price target on SailPoint Technologies Holdings (NYSE: SAIL).

The analyst comments "SailPoint will report Q4/20 results on 2/25 AMC and based on positive partner checks, we expect upside vs. consensus expectations including strong SaaS traction. As such, we'll be watching for followthrough from license strength last quarter as well as the pace of the transition toward SaaS. Maintain our OP rating and increase PT to $68 as SailPoint remains one of our favorite SMID-cap ideas as the next catalyst post the quarter is likely their 2/26 analyst day."

For an analyst ratings summary and ratings history on SailPoint Technologies Holdings click here. For more ratings news on SailPoint Technologies Holdings click here.

Shares of SailPoint Technologies Holdings closed at $57.50 yesterday.

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