SailPoint (SAIL) Soars on Higher Growth Outlook

We recently published a list of These 10 Stocks Are Flying High. In this article, we are going to take a look at where SailPoint, Inc. (NASDAQ:SAIL) stands against other best-performing stocks on Wednesday.

SailPoint extended its winning streak to a fourth straight day on Wednesday, adding 14.66 percent to close at $22.53 apiece as investor sentiment was fueled by its higher growth outlook for the rest of the year.

In a statement, SailPoint, Inc. (NASDAQ:SAIL) said it now expects to grow revenues between 20 and 21 percent to $1.034 billion to $1.044 billion for fiscal year 2026, higher than the 19 to 20 percent growth and revenue outlook of $1.025 billion to $1.035 billion targeted previously.

For the second quarter alone, revenues are expected to increase by 22 to 23 percent to $242 million to $244 million.

Adjusted earnings per share are expected to be in the range of $0.16 to $0.20 for the full fiscal year, versus the previously targeted $0.14 to $0.18.

Meanwhile, adjusted earnings per share were pegged at between $0.04 and $0.05 in the second quarter period.

A security technician installing a high-tech security system with multiple door locks.

In the first quarter of the year, SailPoint, Inc. (NASDAQ:SAIL) widened its net loss attributable to common stockholders by 51 percent to $211 million from $140.5 million in the same period last year.

Revenues increased by 23 percent to $230 million from $187 million year-on-year.

Overall, SAIL ranks 4th on our list of best-performing stocks on Wednesday. While we acknowledge the potential of SAIL as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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