Fly News Breaks for January 14, 2020
Jan 14, 2020 | 07:34 EDT
As previously reported, DA Davidson analyst Andrew Nowinski initiated coverage of SailPoint with a Neutral rating and $24 price target. The analyst is positive on the company's large enterprise opportunity, which he sees as its biggest growth driver, as well as its "in progress" go-to-market strategy changes targeting the mid-market. However, Nowinski believes that SailPoint's IdentityNow adoption is limited as it cannot yet meet the needs of the entire market while its IdentityAI remains "too small to move the needle".
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