DA Davidson reiterates Neutral rating and $17 target on SailPoint
SailPoint reported Q1 adjusted EPS of $0.09 and revenue of $308.8M (+16.8% Y/Y) but a GAAP loss of $0.09 and $50.4M net loss. DA Davidson kept a Neutral rating and $17 price target unchanged.
SailPoint, Inc. 4M net loss. 5% Q/Q. DA Davidson maintained a Neutral rating on SailPoint and kept its $17 target unchanged, leaving its outlook and valuation intact.