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Fly News Breaks for August 7, 2019
SAIL
Aug 7, 2019 | 06:04 EDT
Piper Jaffray analyst Andrew Nowinski raised his price target for SailPoint Technologies to $27 from $25 saying the company's Q2 results that were better than expected across all metrics, including revenue, billings and cash flow. SailPoint remains focused on displacing legacy vendors such as Oracle, CA and IBM, and with the help of new marketing programs that were put in place, the pipeline is gaining momentum, Nowinski tells investors in a research note. He reiterates an Overweight rating on the shares.
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