A pullback in SailPoint is a buying opportunity that investors shouldn’t overlook, according to JPMorgan. JPMorgan upgraded the identity security stock to overweight from neutral. Its price target of $26 implies more than 37% upside from Tuesday’s close. Shares have pulled back more than 15% in August. SailPoint went public earlier this year. SAIL YTD mountain SailPoint stock in 2025. Analyst Brian Essex labeled the weakness in SailPoint stock as an opportunity “to own a best-of-breed leader at sub-IPO valuation levels.” The pullback in the stock coincides with the lockup period around selling shares, which ended Monday. “We have seen significant share shift across the Identity landscape in the wake of an ‘identity crisis’ legacy vendors face as they have not efficiently invested in their platforms to address Identity related risk that is poised to accelerate,” Essex said. “Meanwhile, SailPoint is one of the best positioned ‘best-of-breed’ Identity platforms to benefit from share consolidation with a strong technical moat, solid execution, and exposure to high growth emerging demand,” the analyst added. SailPoint went public in February, pricing its IPO at $23. Since then, however, the stock is down 17.6%. Despite the lackluster performance, most analysts covering the stock rate it a buy or strong buy, according to LSEG. Shares climbed more than 6% following the upgrade.
