SailPoint, Inc. (NASDAQ:SAIL) is one of the Best Young Tech Stocks to Buy. On December 18, SailPoint, Inc. (NASDAQ:SAIL) announced the integration of its SailPoint Identity Security Cloud with the CrowdStrike Falcon platform.
Management noted that the integration connects the identity management with advanced threat detection tools. This will enable organizations to spot and respond to identity-related risks, including compromised accounts or unusual access patterns, more effectively. The integration links SailPoint, Inc. (NASDAQ:SAIL) governance tools with CrowdStrike’s Falcon Next-Gen Identity Security, Falcon Next-Gen SIEM, and Falcon Fusion SOAR.
That said, on December 11, Keith Bachman from BMO Capital maintained a Buy rating on SailPoint, Inc. (NASDAQ:SAIL) with a price target of $25. The analyst based his bullish rating on the company’s fiscal Q3 2026 earnings released on December 9.
The company grew its revenue by 19.84% year-over-year to $281.94 million, surpassing estimates by $11.41 million. Moreover, the EPS of $0.08 also topped estimates by $0.02. Management attributed the earnings beat to a 22% increase in Subscription revenue, which reached $266 million. Notably, SailPoint, Inc. (NASDAQ:SAIL) also surpassed $1 billion in ARR, as total ARR reached $1.040 billion, reflecting a 28% year-over-year increase.
Bachman found the fiscal Q1 2026 ARR beat to be smaller than the previous two quarters. However, the analysts remain optimistic that the January quarter will provide further support for the company’s shares in the near-term. Moreover, Bachman also highlighted the company’s strong pipeline, which is benefiting from ongoing migrations and new product cross-selling opportunities.
SailPoint, Inc. (NASDAQ:SAIL) provides identity security solutions that manage and secure access to corporate networks and data. It uses AI and machine learning to automate processes like granting appropriate access to the right users and machine identities at the right time.
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Disclosure: None. This article is originally published at Insider Monkey.