- SAIL +0.33%
SailPoint, Inc. (NASDAQ:SAIL) ranks among the best short squeeze stocks to buy right now. On November 18, TD Cowen reiterated its Buy rating and $30 price target for SailPoint Technologies Holdings (NASDAQ:SAIL), ahead of the company’s third-quarter earnings report on December 9. The firm anticipates SailPoint to exceed its conservative projection of $49 million in net new annual recurring revenue (NNARR), representing a 6% year-over-year increase.
In its Q2 earnings report, SailPoint, Inc. (NASDAQ:SAIL) revealed that it expects Q3 revenue between $269 million and $271 million, with recurring revenue growing 26% to 27% year-over-year. SailPoint, Inc. (NASDAQ:SAIL) also boosted its FY2026 guidance on all major metrics. It now anticipates revenue between the $1.052 billion and $1.058 billion range, ARR between $1.105 billion and $1.115 billion, and adjusted earnings per share (non-GAAP) around $0.20 and $0.22.
According to TD Cowen’s analysis, there is still substantial demand for vendors who provide comprehensive identity governance solutions, which are essential to SailPoint’s business model.
SailPoint, Inc. (NASDAQ:SAIL) provides enterprise identity security solutions by unifying identity data across employees, contractors, machines, and AI agents. The company’s products includes identity security cloud, atlas, connectivity and integrations, and identityIQ software platforms.
While we acknowledge the potential of SAIL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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