SailPoint Inc (NASDAQ: SAIL) reported upbeat fourth-quarter results but announced its guidance for fiscal 2027 slightly below Street expectations, according to BTIG analyst Gray Powell.
The SailPoint Analyst: Powell reiterated a Buy rating, while cutting the price target from $22 to $18.
The SailPoint Thesis: The company reported Annual Recurring Revenue (ARR) of $1.125 billion, representing 28.3% year-on-year growth, topping consensus estimates of $1.123 billion and implying organic net adds of $85 million, Powell said in the note.
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SailPoint’s operating income and free cash flows also came in ahead of expectations, …