Reported about 6 hours ago
SailPoint Technologies Holdings (SAIL) has seen its price target increased to $26 by JPMorgan, which maintains a 'Neutral' rating on the stock. The lift follows a strong quarterly performance post-IPO, with the company reporting a 30% year-over-year growth in annual recurring revenue, attributed to both new customer acquisition and existing client expansion. Despite challenging economic conditions, SailPoint remains robust, driven by increased customer demand and product innovation.
Source: YAHOO