Scotiabank Raises SailPoint (SAIL) Price Target to $24

On October 5, 2026, Scotiabank maintained its Sector Outperform rating on SailPoint, Inc. while boosting its price target to $24.00 from $22.00, a 29.38% upside from the current price.

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

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Scotiabank raised its price target on SailPoint, Inc. ($SAIL) to $24 from $22 on October 5, 2026, and rates the stock "Sector Outperform".

Since the rating, $SAIL is down 3.5% after 1 week and down 7.6% to date (from the $20.29 close on Oct 5, 2026).

SAIL SailPoint, Inc.

$18.75 -1.06% year to date

Daily close · Oct 16, 2026

Key Points

Scotiabank maintained its Sector Outperform rating on SailPoint, Inc. on October 5, 2026, raising its target price from $22.00 to $24.00.
Scotiabank's $24 price target implies 29.38% upside from SailPoint, Inc.'s ($SAIL) current $18.55 share price.
Major institutions hold large stakes in the enterprise identity security provider, with Thoma Bravo, LP leading the group holding 479,842,514 shares valued at over $8.9 billion.
SailPoint shares recently traded around $18.55, sitting below their 50-day moving average as the market looks ahead to the next earnings report scheduled for December 15, 2026.

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Scotiabank maintained its Sector Outperform rating on SailPoint, Inc. (NasdaqGS: SAIL) on October 5, 2026, while raising its price target on the enterprise identity security firm from $22.00 to $24.00. This update from Scotiabank adds to a busy stretch of Wall Street research notes for the software company, arriving shortly after moves from firms like Truist Securities and B of A Securities.

Analyst rating track record

Scotiabank vs. the S&P 500

YTD return +0.97% hypothetical

All-time return +0.97% S&P 500 +0.78%

vs. S&P 500 +0.19% ahead of the index

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

Scotiabank's Call on SailPoint

In its research note published on October 5, 2026, Scotiabank kept its positive stance on SailPoint by reiterating a Sector Outperform rating and lifting the target by two dollars from its previous level of $22.00 to $24.00. This forward-looking opinion reflects the bank's outlook on the company's growth potential within the enterprise security software market.

Other Institutional Activity in SailPoint

Other large institutional investors have also adjusted their positions in SailPoint based on filings covering periods up to mid-2026. Thoma Bravo, LP held a massive stake of 479,842,514 shares worth about $8,997,047,137 with no change in its share count. Stephens Investment Management Group LLC grew its holdings by 1,259,298 shares, ending with 4,154,901 shares worth about $77,904,393. GW&K Investment Management, LLC grew its holdings by 930,064 shares, ending with 4,017,925 shares worth about $75,336,093. Mirae Asset Global ETFs Holdings Ltd. grew its holdings by 999,820 shares, ending with 3,595,408 shares worth about $67,413,900. Driehaus Capital Management, LLC grew its holdings by 1,787,247 shares, ending with 3,574,494 shares worth about $67,021,762.

SailPoint, Inc. Stock Down 6.1%

SailPoint shares recently traded around $18.55 as of October 16, 2026, down about 8.6% from the $20.29 close recorded on the day Scotiabank announced its updated target. The stock trades below its 50-day moving average of $19.53 but remains above its 200-day moving average of $16.00.

12-month forecast

$SAIL price target

SailPoint, Inc. daily closes and this analyst's $24 target. Not advice.

Recent Earnings

SailPoint reported trailing twelve-month revenue of $1.16 billion alongside an earnings per share loss of $0.34. The company posted a net profit margin of negative 16.9% and a return on equity of negative 2.9%, with its next earnings report expected around December 15, 2026.

Insider Buying and Selling at SailPoint, Inc.

Several company executives completed stock sales following the rating update, including Chief Financial Officer Brian Carolan, Chief Executive Officer Mark David McClain, President Matthew George Mills, and General Counsel Christopher Schmitt.

Analysts Set New Price Targets

Wall Street firms have actively updated coverage on the software provider in recent weeks, including Truist Securities maintaining a Buy rating on September 24, 2026, while lifting its target to $27.00. The stock carries a consensus buy recommendation with a mean target price of $21.88 across 26 analyst opinions.

About SailPoint

SailPoint, Inc. is an Austin, Texas-based technology company that builds identity security software solutions for businesses and organizations across the globe. Its platform helps enterprises manage digital identities and control user access to sensitive applications and data.

Bottom Line

Investors will look toward SailPoint's next earnings report on December 15, 2026, for further updates on financial performance and operational growth.