SailPoint

SAIL · NASDAQ

$19.23+$0.33 (+1.75%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $18.90

SAIL analyst rating

BuyConsensus of 22 analysts over the last 12 months. 68% rate it a buy.

Strong buy0
Buy15
Hold7
Underperform0
Sell0

12-month price target · 27 analysts

Average $21.50 (+11.8% upside)

Low: $10.10
Now: $19.23
High: $28.35

Upgrades and downgrades

The latest rating actions, newest first

SAIL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Cantor Fitzgerald	Oct 9, 2026	Maintains	Overweight	$25.00 → $27.00	68%
Amerx	Oct 8, 2026	Initiates	Hold	—	31%
Baird	Oct 8, 2026	Maintains	Outperform	$22.00 → $25.00	60%
Oppenheimer	Oct 7, 2026	Initiates	Outperform	$30.00	67%
Scotiabank	Oct 5, 2026	Maintains	Sector Outperform	$22.00 → $24.00	54%
Keybanc	Oct 2, 2026	Initiates	Sector Weight	—	76%
Truist Securities	Sep 24, 2026	Maintains	Buy	$23.00 → $27.00	95%
B of A Securities	Sep 18, 2026	Maintains	Neutral	$19.00 → $22.00	60%
Scotiabank	Sep 10, 2026	Maintains	Sector Outperform	$19.00 → $22.00	54%
Roth Capital	Sep 10, 2026	Maintains	Buy	$19.00 → $21.00	86%

The case for and against

Updated Oct 14, 2026

Bull case

SailPoint is well positioned because enterprises are increasingly treating identity governance as the control plane for humans, non-human identities, and AI agents, expanding its market opportunity beyond traditional IGA into AI security and posture management. Its differentiated identity graph, fine-grained entitlement visibility, and unified platform for SaaS and customer-hosted deployments create strong switching costs and support durable adoption, while the SaaS transition lifts lifetime value and recurring revenue quality. Financially, the company reported 2Q27 ARR of $1.23B, SaaS ARR of $847M, revenue growth of 17% to $309M, and AI-driven ARR above $70M, underscoring both current momentum and an emerging growth runway.

Bear case

SailPoint is viewed negatively because its core IGA franchise appears too narrow to defend growth as identity security shifts toward broader platforms, while start-ups and adjacent security vendors increasingly target the same budgets. The company’s heavy, customized on-prem deployments can be hard to migrate to SaaS, and its newer AI/agentic opportunity is still unproven, with approximately $7M of net new AI ARR in 1Q and $21M in 2Q translating to only about $50M of core AI ARR. Despite trading at 8.0x EV/revenue CY27E versus a 7.3x peer mean, the stock faces added risk from concentrated ownership, limited float, and possible erosion of its connector moat as app environments standardize.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.