These Analysts Slash Their Forecasts On SailPoint Following Q4 Earnings

SailPoint Inc (NASDAQ: SAIL) reported fourth-quarter earnings of 8 cents per share, matching analyst expectations, and sales of $294.647 million, exceeding the consensus estimate of $292.610 million. However, the company provided first-quarter guidance for adjusted EPS of 4 to 5 cents, below the expected 6 cents, and projected sales between $273 million and $277 million, lower than the $284.029 million estimate. Following the earnings announcement, analysts adjusted their price targets, with Baird lowering its target from $26 to $22 and BTIG cutting its target from $22 to $18. SailPoint shares rose 2.8% to $12.82 on Thursday.