SailPoint Technologies Holdings (SAIL) PT Raised to $35 at Oppenheimer

Oppenheimer raised its price target on SailPoint Technologies Holdings (NYSE: SAIL) to $35.00 (from $28.00) while maintaining an Outperform rating following strong results.

Analyst Shaul Eyal said strong results were driven by a healthy mix of International growth, upsell momentum, and strong execution across both license and subscription products.

Eyal sees the quarterly results as "illustrative of SAIL's ability to consistently execute as well as the healthy market trends it is realizing."

Headcount expansion is keeping EPS guidance in check, but the analsyt views the expansion as an indication of its sizable market opportunity.

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