Sailpoint Technologies (SAIL) Stock: $67 Price Target From Wells Fargo

By Amit Chowdhry ● Nov 12, 2021
  • The shares of Sailpoint Technologies Holdings Inc (NYSE: SAIL) have received a price target of $67 from Wells Fargo. These are the details.

The shares of Sailpoint Technologies Holdings Inc (NYSE: SAIL) have received a price target of $67 from Wells Fargo. And Wells Fargo analyst Andrew Nowinski increased the price target from $54 while maintaining an “Overweight” rating on the shares.

Nowinski pointed out that SailPoint reported strong third-quarter results and beat the high-end of the guidance by 5.9%. And Nowinski also wrote that the company’s demand for identity security remains very strong and the quality and depth of the pipeline remains healthy.

So Nowinski continues to believe SailPoint is well-positioned for continuing to take share in the IGA market as they offer the most feature-rich solutions for both on-premise and in the cloud.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.