SailPoint, Inc. (NASDAQ:SAIL) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. On September 15, Meta Marshall from Morgan Stanley maintained a Buy rating on SailPoint, Inc. (NASDAQ:SAIL) with a price target of $25.
The analyst noted that the company showed strong Q2 results with its total annual recurring revenue reaching $982 million, reflecting a 28% increase year-over-year. The company also delivered strong operating margins of 20%.
Morgan Stanley Maintains a Buy on SailPoint (SAIL)
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Marshall highlighted that although the Q3 guidance is conservative, he sees the potential for annual recurring revenue to pick up again. He noted the company’s Agentic Identity Security and real-time authorization features are expected to attract investor interest.
SailPoint, Inc. (NASDAQ:SAIL) provides identity security solutions for enterprises. It unifies identity data across employees, contractors, machines, and AI agents.
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Disclosure: None. This article is originally published at Insider Monkey.
[SRC] https://finance.yahoo.com/news/morgan-stanley-maintains-buy-sailpoint-081336957.html
