Truist Securities Raises SailPoint (SAIL) Price Target to $27

Truist Securities maintained its Buy rating on SailPoint, Inc. on September 24, 2026, and boosted its price target from $23.00 to $27.00, a 45.55% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:30 PM EDT

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Truist Securities raised its price target on SailPoint, Inc. ($SAIL) to $27 from $23 on September 24, 2026, and rates the stock "Buy".

Since the rating, $SAIL is down 7.0% after 1 week and down 15.2% to date (from the $22.12 close on Sep 24, 2026).

SAIL SailPoint, Inc.

$18.75 -1.06% year to date

Daily close · Oct 16, 2026

Key Points

Truist Securities reiterated its Buy rating on SailPoint, Inc. on September 24, 2026, raising its price target to $27.00 from $23.00.
Truist Securities's $27 price target implies 45.55% upside from SailPoint, Inc.'s ($SAIL) current $18.55 share price.
Major funds like Thoma Bravo and Stephens Investment Management hold large stakes in the software infrastructure firm.
SailPoint shares recently traded around $18.55, with a forward P/E ratio of 46.53 and upcoming earnings expected in December 2026.

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Truist Securities reiterated its Buy rating on SailPoint, Inc. (NASDAQ:SAIL) on September 24, 2026, and raised its price target for the software provider. The research note came out as Wall Street firms updated their outlooks on the identity security specialist. Shares closed at $22.12 on the day of the update.

Analyst rating track record

Truist Securities vs. the S&P 500

YTD return -0.88% hypothetical

All-time return -0.88% S&P 500 +0.74%

vs. S&P 500 -1.62% behind the index

Hypothetical returns from Truist Securities's disclosed trades, not real profit or advice. How we model this.

Truist Securities's Call on SailPoint, Inc.

In its September 24, 2026 research note, Truist Securities kept its Buy rating on SailPoint while bumping its price target up from $23.00 to $27.00. The firm looks for continued strength in the company's identity security platform.

Other Institutional Activity in SailPoint, Inc.

Large investors hold significant positions in SailPoint. Thoma Bravo, LP held 479,842,514 shares worth about $8,997,047,137 at the end of June 2026. Stephens Investment Management Group LLC grew its holdings by 1,259,298 shares, ending with 4,154,901 shares worth about $77,904,393 after a 43.5% increase. GW&K Investment Management, LLC grew its holdings by 930,064 shares, ending with 4,017,925 shares worth about $75,336,093 after a 30.1% increase. Mirae Asset Global ETFs Holdings Ltd. grew its holdings by 999,820 shares, ending with 3,595,408 shares worth about $67,413,900 after a 38.5% increase. Driehaus Capital Management, LLC grew its holdings by 1,787,247 shares, ending with 3,574,494 shares worth about $67,021,762 after a 100.0% increase.

SailPoint, Inc. Stock Down 6.1%

SailPoint shares recently traded around $18.55. The stock has a market capitalization of roughly $10.70 billion and a forward P/E ratio of 46.53. Its 50-day moving average sits at $19.53, while the 200-day moving average is $16.00.

12-month forecast

$SAIL price target

SailPoint, Inc. daily closes and this analyst's $27 target. Not advice.

Recent Earnings

SailPoint reported $1.17 billion in trailing twelve-month revenue alongside a net margin of -16.9% and a return on equity of -2.9%. The company's next earnings report is scheduled for December 15, 2026.

Insider Buying and Selling at SailPoint, Inc.

Company insiders completed stock sales in October 2026. Chief Financial Officer Brian Carolan sold 81,361 shares on October 7, 2026, valued at $1,622,171. Chief Executive Officer Mark David McClain sold 219,249 shares on October 7, 2026, valued at $4,388,710. President Matthew George Mills sold 80,665 shares on October 7, 2026, valued at $1,614,672. General Counsel Christopher Schmitt sold 44,410 shares on October 7, 2026, valued at $888,955.

Analysts Set New Price Targets

Analyst coverage has evolved across several firms. On September 18, 2026, B of A Securities maintained a Neutral rating with a target of $22.00, moving up from $19.00. Later, on October 2, 2026, Keybanc initiated coverage with a Sector Weight rating. Scotiabank maintained a Sector Outperform rating on October 5, 2026, raising its target to $24.00 from $22.00. Oppenheimer initiated coverage with an Outperform rating and a $30.00 target on October 7, 2026. Overall, the stock carries a consensus buy recommendation with 26 analyst opinions.

About SailPoint, Inc.

SailPoint, Inc. provides software and solutions that help enterprises manage and secure digital identities. Based in Austin, Texas, the company serves clients across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region.

Bottom Line

Truist Securities's higher price target reflects continued confidence in SailPoint's market position within enterprise identity security. Investors will watch for the company's next earnings release on December 15, 2026, to gauge ongoing revenue growth and profitability metrics.