Cantor Fitzgerald raises SailPoint stock price target to $25 on growth outlook

CrowdStrike (CRWD) fell 7% to $199 and Palo Alto Networks (PANW) dropped 5% to $355.54, despite Truist raising CRWD's price target to $245. Truist prefers Rubrik (RBRK) and SailPoint (SAIL) for beat-and-raise quarters. CrowdStrike reports August 26 with expected revenue of $1.4B. Broad tech selling drove declines, not company-specific news.

India’s Parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, after Lok Sabha approval, with Rajya Sabha passage on Thursday. The law limits states’ ability to impose mineral-right taxes and bars recovery of unpaid or unrecovered retrospective levies after a 2024 Supreme Court ruling. Coal India and SAIL subsidiaries face reduced retrospective tax risk; mineral-rich states like Jharkhand may lose potential revenue.

SailPoint (NASDAQ:SAIL) said it completed its acquisition of Entro Security on June 29. SailPoint plans to integrate Entro’s non-human identity and credential security technology into its platform to provide unified lifecycle management and runtime monitoring for human, machine, and AI agent identities. The integrated solution is available immediately, according to SailPoint.

SailPoint, Inc. (Nasdaq: SAIL) said it has completed its acquisition of Entro Security, a Tel Aviv-based non-human identity and credentials security provider. Entro’s NHI and credentials security solutions are now available to SailPoint customers as standalone offerings, with native integration continuing. Financial terms were not disclosed.

SailPoint (NASDAQ) said it plans to acquire Israeli startup Entro from Tel Aviv for about $200 million, according to reports. Entro focuses on non-human identity (NHI) security and secrets management. SailPoint expects to integrate Entro into its Agentic Fabric platform and close the deal in Q3 of fiscal 2027, subject to customary conditions.

SailPoint’s shares fell sharply after its Q1 FY2027 results. The company reported revenue up 22% to $280 million and subscription revenue up 23%, with non-GAAP income rising to $28.4 million ($0.05/share). However, investors sold the stock; it was down nearly 23% week-to-date, according to S&P Global Market Intelligence. Guidance for FY revenue of about $1.27–$1.28 billion and adjusted EPS $0.30–$0.34 was broadly in line with estimates.