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RBC Capital Reaffirms Their Buy Rating on SailPoint, Inc. (SAIL)

Tipranks - Fri Jan 16, 6:08AM CST

RBC Capital analyst Arun Viswanathan maintained a Buy rating on SailPoint, Inc. yesterday and set a price target of $26.00. The company’s shares closed yesterday at $19.26.

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According to TipRanks, Viswanathan is a 3-star analyst with an average return of 0.8% and a 53.80% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Linde, Axalta Coating Systems, and Air Products and Chemicals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SailPoint, Inc. with a $27.26 average price target, implying a 41.54% upside from current levels. In a report released on January 13, Berenberg Bank also maintained a Buy rating on the stock with a $31.70 price target.

Based on SailPoint, Inc.’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $281.94 million and a GAAP net loss of $35.98 million. In comparison, last year the company earned a revenue of $235.26 million and had a GAAP net loss of $59.42 million

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