SailPoint price target raised to $25 from $23 at Goldman Sachs

Goldman Sachs raised the firm's price target on SailPoint (SAIL) to $25 from $23 and keeps a Neutral rating on the shares. The stock was up 15% today following a solid Q1 report, with SaaS annual recurring revenue up 39% y/y and net new ARR up 43%, the analyst tells investors in a research note. SailPoint management also noted stable demand as a function of consistent win rates and overall strength in Identity budgets, and is not factoring in any additional conservatism due to the macro environment, the firm added.
Confident Investing Starts Here:

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Yahoo

7 hours ago

• Yahoo

Korn Ferry price target raised to $85 from $77 at Goldman Sachs

Goldman Sachs raised the firm's price target on Korn Ferry (KFY) to $85 from $77 and keeps a Buy rating on the shares after fiscal Q4 revenue, EBITDA margins and EPS came in ahead of the firm's estimates and consensus and guidance for Q1 exceeded Street expectations. The fourth edition of Talent Suite released in Q4 should drive accelerated digital segment revenue growth in calendar 2026 and potential upside to management's 16%-18% medium-term EBITDA margin target, the analyst tells investors. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on KFY: Disclaimer & DisclosureReport an Issue Korn Ferry's Resilience and Growth Potential Amid Economic Uncertainty Korn Ferry Reports Steady Growth Amidst Global Challenges Korn Ferry's Earnings Call: Strong Growth Amid Challenges Korn Ferry rises 13.1% Korn Ferry rises 16.5% Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Yahoo

7 hours ago

• Yahoo

Bank of England maintains Bank Rate at 4.25%

The Monetary Policy Committee of the Bank of England, at its meeting ending on June 18, voted by a majority of 6-3 to maintain Bank Rate at 4.25%. Three members preferred to reduce Bank Rate by 0.25 percentage points, to 4%. 'There has been substantial disinflation over the past two years, as previous external shocks have receded, and as the restrictive stance of monetary policy has curbed second-round effects and stabilised longer-term inflation expectations. This has allowed the MPC to withdraw gradually some degree of policy restraint, while maintaining Bank Rate in restrictive territory so as to continue to squeeze out existing or emerging persistent inflationary pressures. Underlying UK GDP growth appears to have remained weak, and the labour market has continued to loosen, leading to clearer signs that a margin of slack has opened up over time,' the bank stated. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on SPY: Disclaimer & DisclosureReport an Issue SPDR S&P 500 ETF Trust Appoints Second Market Maker Goldman Sachs continues to expect just one FOMC rate cut this year Powell says rate hike 'not the base case' when FOMC members do projections Powell says generally Middle East conflicts don't have lasting inflation impact Powell says monetary policy 'has to be forward-looking' Sign in to access your portfolio

Yahoo

11 hours ago

• Yahoo

Citi Retains a Neutral Rating on UBS Group (UBS) Amid Capital Considerations

UBS Group AG (NYSE:UBS) is one of the best Goldman Sachs bank stocks. On June 9, UBS maintained a Neutral rating on UBS, with a price target of CHF26.90. Analysts talked about the Swiss Federal Council's newly announced proposals, introduced following the Credit Suisse fallout and a comprehensive review of Switzerland's 'too big to fail' regulatory framework. The proposals introduce an incremental CET1 capital requirement of $26 billion, landing at the upper end of market expectations. However, the outlined transition period of six to eight years post-implementation provides UBS with a meaningful runway to meet the requirement properly. Citi analysts noted that the extended transition timeline alleviates near-term uncertainty. In their view, UBS is well-positioned to address the incremental capital requirements without disrupting its capital return strategy, including dividends and share buybacks. A close-up picture of financial documents and computers in a modern office setting. However, analysts cautioned that the proposals remain subject to consultation and legislative review, introducing potential for revisions. They also highlighted concerns around UBS's relative earnings momentum, which continues to trail peers due to sustained weakness in net interest income. UBS Group AG (NYSE:UBS) is a global financial services firm offering a wide range of solutions for individuals, businesses, and institutions, including wealth management, personal and corporate banking, asset management, and investment banking. While we acknowledge the potential of UBS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Sign in to access your portfolio