SAIL - SailPoint upgraded at Monness Crespi on position in rising security segment

With shares underperforming the security peer group, Monness, Crespi, Hardt & Co. upgrades SailPoint Technologies (SAIL) from Neutral to Buy with a $64 price target.Analyst Ryan Flanagan sees SAIL as well-positioned within a rising priority segment with its "cohesive go-to-market plans to execute through the SaaS/subscription transition and clear-cut expectations around the financial impact."The analyst has grown "incrementally more positive" on SAIL's identity security approach and sees multiple catalysts ahead that could drive the top-line trajectory.SailPoint shares are currently down slightly to $52.26.Recent news: Last month, Wedbush named SailPoint among its favorite stocks bringing in a "new age" of cybersecurity.

For further details see:

SailPoint upgraded at Monness Crespi on position in rising security segment