$SAIL

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.

Bank of America analyst Tal Liani raised price targets for SentinelOne (NYSE:S), SailPoint (NASDAQ:SAIL), and Zscaler (NASDAQ:ZS) due to increased cybersecurity spending driven by AI. AI's expansion creates new security threats, making cybersecurity essential for AI deployment. SailPoint's target rose to $19, SentinelOne's to $26, and Zscaler's to $210. Cybersecurity ETFs have outperformed the S&P 500 recently.

Bank of America said the AI-driven threat environment is worsening and supports higher cybersecurity valuations. The bank raised price targets for SentinelOne (S), SailPoint (SAIL), and Zscaler (ZS), citing a rebound in the sector after concerns that AI model builders would compete. The article notes other cybersecurity stocks could also extend.

T.D. Cowen said cybersecurity firms SailPoint (SAIL) and Palo Alto Networks (PANW) may post results ahead of consensus in upcoming earnings. Cowen expects SailPoint’s F2Q27 results to be in line or better. The note cites AI-driven security demand, cloud migration, geopolitical tensions, and recent breaches, including Palo Alto’s AI Runtime Security.

Next week’s focus is India’s Q1 earnings season and upcoming CPI and WPI inflation releases. The article cites BSE Sensex and Nifty 50 gains and highlights stocks to watch: HDFC Bank, ICICI Bank, Axis Bank, Kotak Bank, Central Bank of India, Punjab & Sind Bank, Dabur, Godrej Consumer Products, Tata Steel, Coal India, SAIL, Sobha, Oberoi Realty, Brigade, DLF, TCS, Tech Mahindra, Infosys, and HCL Tech.

India’s Nifty Metal index fell for a second straight session, down about 1% on Friday and 2.7% over two days, after a near 1.7% intraday drop. Losers included NALCO, SAIL, Hindalco, Hindustan Copper and Hindustan Zinc, down roughly 4% to 10%. NALCO slid to ₹377.15, down 10.2% in two sessions, amid reports Norsk Hydro’s Alunorte output rose. Analysts attributed the move to profit-taking.

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.

Steel Authority of India (SAIL) shares fell near Rs 170 after the NSE placed the stock on the F&O ban list, limiting new futures and options positions. Reports said SAIL may consider raising capital via an FPO or QIP, with exchange queries pending management confirmation. For FY ending Mar 2026, SAIL reported Rs 110,810.84 crore revenue and Rs 2,947.41 crore net profit.

Deutsche Bank upgraded Palantir (PLTR) to Buy, keeping a $200 target, citing an “exceptional” Q2. Oppenheimer upgraded Inspire Medical (INSP) to Outperform with an $85 target. UBS upgraded BBB Foods (TBBB) to Buy, $51 target. Several others were upgraded or downgraded ahead of earnings or on guidance, including Walmart (WMT) to Perform and Apple (AAPL) to Hold.

SailPoint (Nasdaq: SAIL) announced a unified “Identity Security” offering for human, non-human, and AI agent identities. It combines generally available SailPoint Agentic Fabric and SailPoint Human Fabric, aiming for continuous discovery, governance, and protection. SailPoint cites research that 97% of AI agents access sensitive data. The solution is available in Agentic Business and Plus suites.