Truist Securities analyst Junaid Siddiqui lowered the price target on SailPoint Technologies Holdings (NASDAQ: SAIL) to $18.00 (from $23.00) while maintaining a Buy rating.

The analyst commented, "SAIL reported solid 4FQ26 results that were above guidance for all metrics (ARR, revenue, OM), with outperformance driven by progress in SaaS migrations and strength in its emerging products. However, shares traded down ~15% as a weakerthan-expected guide weighed on shares. We view the guide as a conservative starting point for the year rather than any deterioration in underlying demand. We believe SAIL is continuing to see momentum across its platform and is set up well for agentic AI opportunity, which we believe can become a significant growth engine going forward. We reiterate Buy and lower our PT to $18 from $23."