SailPoint (SAIL) is well positioned for momentum, including increased deployments of artificial intelligence agents, after delivering another "strong" quarter in fiscal Q3 with $1.04 billion in annual recurring revenue, RBC Capital Markets said in a note emailed Wednesday.
RBC said it "liked" the momentum around new logos and product growth, noting that demand remains positive as clients "rethink identity in an agentic era."
SailPoint noted solid interest in newly introduced products at Navigate, with orders booked for each of them despite only one month of availability in fiscal Q3, RBC analysts said.
RBC maintained an outperform rating and $24 price target on the stock.
SailPoint shares were up 1.3% in recent Wednesday trading.
Price: 20.13, Change: +0.25, Percent Change: +1.26
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