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UPDATE: KeyBanc Starts SailPoint Technologies Holdings (SAIL) at Overweight

April 4, 2022 4:20 PM EDT
Get Alerts SAIL Hot Sheet
Price: $65.24 --0%

Rating Summary:
    9 Buy, 12 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 5 | New: 17
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(Updated - April 4, 2022 4:44 PM EDT)

KeyBanc analyst Eric Heath initiates coverage on SailPoint Technologies Holdings (NYSE: SAIL) with a Overweight rating and a price target of $63.00.

The analyst comments "We see SailPoint as a leader in IGA, well suited to the enterprises that will likely continue to prefer best-of-breed solutions for the near to medium term, but believe SailPoint’s long-term competitive position is uncertain vs. IAM consolidators. SaaS-only IAM vendors expanding into IGA will not be able to address the complex, hybrid requirements that enterprises need. IGA vendors will have more difficulty expanding into AM/PAM than vice versa."

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 $52.02 yesterday.

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