SailPoint Well-Positioned in Growing Identity Security Market for Emerging Agentic Opportunity, RBC Says

MT Newswires Live
06/10

SailPoint (SAIL) remains well-positioned in a durable and growing identity security market and for the emerging agentic opportunity, RBC Capital Markets said in a Wednesday research note.

With the company raising its fiscal 2027 guidance and its midpoint guidance now calling for +22% annual recurring revenue and -2% net new annual recurring revenue versus +21% ARR and -5% NNARR growth previously, RBC said it believes agentic assumptions are discounted in guidance and could yield more upside in H2.

Additionally, RBC said that the introduction of the SailPoint Agentic Fabric can also provide upside and increased interest in the platform as the product is included in agentic suites for software as a service.

RBC raised its priced target to $19 from $17 and maintained its outperform rating.

Price: 14.48, Change: -1.19, Percent Change: -7.57

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