11 Most Promising New Technology Stocks According to Analysts

5. SailPoint, Inc. (NASDAQ:SAIL)

Analyst Upside Potential: 37.33%

Number of Hedge Fund Holders: NA

SailPoint, Inc. (NASDAQ:SAIL) is a technology company that specializes in identity security solutions for enterprises. It provides a unified platform that manages and secures access to applications and data of identities, including employees, contractors, and partners. Its key offerings include Identity Security Cloud, IdentityIQ, and other advanced capabilities.

On April 23, it launched its first Software-as-a-Service instance in the Middle East, which is expected to go live in May 2025. This is a strategic move to strengthen its global expansion and accelerate digital transformation in the region. Moreover, during fiscal 2025, SailPoint, Inc. (NASDAQ:SAIL) grew its annual recurring revenue by 29% year-over-year to reach $877 million. Its SaaS ARR, which is a key indicator of cloud-based services, expanded even faster at 39% year-over-year, reaching $540 million. The management of the company noted that identity security is now a strategic imperative for enterprises, especially with the growing complexity and scale of identity management needs accelerated by AI agents.

Looking ahead, SailPoint, Inc. (NASDAQ:SAIL) expects continued growth for fiscal 2026 with annual recurring revenue projected between $896 million and $900 million, reflecting 26% to 27% growth.

ClearBridge Mid Cap Strategy stated the following regarding SailPoint, Inc. Common Stock (NASDAQ:SAIL) in its Q1 2025 investor letter:

“We participated in the IPO of SailPoint, Inc. Common Stock (NASDAQ:SAIL), which offers identity security solutions to help companies manage and secure access to critical data and applications. Having known the company for a long time and previously owned it in its prior publicly traded forms, we believe the incorporation of AI has swelled SailPoint’s total addressable market — already growing at a high pace — as companies will need to begin addressing what data and functions their new AI agents can access across their enterprise.”