Sailpoint stock price hovered near $63

SailPoint stock price hovered near $63.80 after analysts reiterated bullish forecasts, citing strong customer retention and upsell metrics. The broader tech sector rally further supports valuation stability. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. The company's valuation ahead of its IPO stood at $12.6 billion. The stock closed its first day of trading at $22 per share, and the stock hit a closing high of $25.70 on Feb. 16. Today, after the earnings day slide, SailPoint's market cap stands at $11.9 billion. SailPoint stock price reflects bullish sentiment after positive sector ETF flows into cybersecurity equities. Current price action near $65 aligns with technical projections for a short-term continuation pattern.