SailPoint stock rating reiterated at Overweight by Cantor Fitzgerald

Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $29.00 price target on SailPoint Technologies Holdings (NASDAQ:SAIL) ahead of the company’s second-quarter fiscal 2026 earnings report, due in 27 days. Currently trading at $20.09, InvestingPro analysis indicates the stock is overvalued relative to its Fair Value.

The research firm maintained its positive outlook on the identity governance and administration (IGA) software provider, indicating no change to its investment stance. With a market capitalization of $10.55 billion and a robust gross profit margin of 63%, SailPoint shows strong fundamental metrics according to InvestingPro data.

Cantor Fitzgerald sees a long-term growth trajectory for SailPoint, citing several key drivers that support its continued Overweight rating. The company’s revenue growth forecast for FY2026 stands at 21%, while analyst consensus remains bullish with a rating of 1.89 (where 1 is Strong Buy).

The firm specifically identified enterprise IGA consolidation as one factor supporting future growth for the company.

Additional growth catalysts mentioned include non-human identity expansion and broader adoption of SailPoint’s platform offerings.

In other recent news, SailPoint Technologies Holdings reported strong first-quarter results, surpassing expectations in several key financial metrics. The company’s annual recurring revenue (ARR), revenue, and profitability all exceeded consensus forecasts, with ARR growth of 30% year-over-year, driven by a 39% increase in SaaS ARR. This performance led to analysts revising their price targets for SailPoint, with Jefferies raising its target to $27 while maintaining a Buy rating, and both JPMorgan and Mizuho adjusting their targets to $26, despite Mizuho keeping a Neutral rating. Additionally, JPMorgan upgraded SailPoint’s stock rating from Neutral to Overweight, citing the company’s leadership in identity security.

SailPoint also achieved SAP certification for its Identity Security Cloud and IdentityIQ products, allowing integration with SAP’s RISE with S/4HANA Cloud. This certification enables organizations to manage and secure access to SAP S/4 applications hosted on SAP’s private cloud. These developments reflect SailPoint’s strong market position and its ability to exceed financial expectations, as noted by various analyst firms.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.