SailPoint, Inc. (SAIL) Recurring Revenue on the Upside amid Healthy Cybersecurity Demand

SailPoint, Inc. (NASDAQ:SAIL) is one of the champion cybersecurity stocks to bargain nether $50. SailPoint, Inc. (NASDAQ:SAIL) holds a beardown Buy standing according to 19 Wall Street analysts. The banal commands 16 bargain and 3 clasp ratings, with an mean terms people of $26.57, implying 44.40% upside from existent levels of $19.84 a share.

On November 18, analysts astatine TD Cowen reiterated a Buy standing connected the banal and a $30 terms target, arsenic they stay optimistic that the institution volition present coagulated third-quarter results. The institution is expected to supply nett caller yearly recurring gross of $49 million, representing 6% year-over-year growth. According to the probe firm, the summation volition beryllium driven by steadfast request for vendors offering broad individuality governance solutions.

Likewise, TD Cowen is banking connected the palmy misuse of AI models to accelerate cyberattacks astatine scale, presenting opportunities for Sailpoint to capitalize connected with its solutions.

Similarly, analysts astatine Berenberg person echoed these sentiments, reiterating that Sailpoint is simply a Buy with a $31.70 terms target. According to the probe firm, the institution is astatine the intersection of information and identity. Likewise, it expects to payment from rising individuality theft incidents and the accelerating adoption of zero-trust information frameworks.

SailPoint, Inc. (NASDAQ:SAIL) provides identity information solutions that negociate and unafraid entree to firm networks and data. It uses AI and instrumentality learning to automate processes similar granting due entree to the close users and instrumentality identities astatine the close time.

While we admit the imaginable of SAIL arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.