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Fly News Breaks for November 8, 2019
SAIL
Nov 8, 2019 | 07:59 EDT
Wedbush analyst Daniel Ives initiated coverage of SailPoint with an Outperform rating and $32 price target. While the company has seen some speed bumps in the field over the past year from an execution perspective, Ives tells investors in a research note that he feels SailPoint is still in the early innings of capitalizing on a high priority identity $10 billion+ security TAM which is being driven by the move to the cloud. SailPoint is a compelling stock to own heading into 2020, Ives adds.
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