Evercore ISI Reiterates a Buy Rating on SailPoint (SAIL), Keeps the PT

​SailPoint, Inc. (NASDAQ:SAIL) is one of the Best Growth Stocks Under $25 to Buy Right Now. On October 17, Peter Levine from Evercore ISI reiterated a Buy rating on SailPoint, Inc. (NASDAQ:SAIL) with a price target of $29.

​Earlier on October 2, Keith Bachman from BMO Capital also reiterated a Buy rating on the stock with a price target of $25. SailPoint, Inc. (NASDAQ:SAIL) is set to benefit from the expanding role of AI, said the analyst in a research note. He referred to the company’s latest product announcements for enhancing upsell and cross-sell opportunities as an instance of the company’s role in the AI industry. Bachman also likes its Atlas Platform, which he believes sets the company apart from competitors due to its capability of managing human and agent identities.

​The analyst highlighted SailPoint, Inc. (NASDAQ:SAIL), which governs over 125 million identities, referring to the company’s scale. He noted that its latest products, such as the Agent Identity Security, solidify the company’s market position further.

​SailPoint, Inc. (NASDAQ:SAIL) provides enterprise identity security solutions by unifying identity data across employees, contractors, machines, and AI agents.

While we acknowledge the potential of SAIL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAIL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.