SailPoint (SAIL) stock has risen from its early April lows due to increased bullishness around technology companies being able to outperform during the stay-at-home situation.
Through this article I aim to explain my view on how SailPoint is not one of the technologies that directly enable remote work and how there is limited upside for investors at the current valuation.
IT Budget Cuts
Companies of all sizes are facing challenges due to the social distancing and stay-at-home situation due to the COVID-19 outbreak. Many organizations are introducing IT budget cuts to reduce expenses