10:36 AM EDT, 09/10/2025 (MT Newswires) -- SailPoint's ( SAIL ) 28% annual recurring revenue growth and 37% SaaS ARR growth highlighted the company's "strong" fiscal Q2, RBC Capital Markets said in a Tuesday note.

The brokerage added that the company's subscription revenue and total revenue, which also saw year-over-year increases, "both accelerated nicely" on a sequential basis.

RBC said the demand landscape remains strong for identity as agentic strategies have customers strengthening identity security.

"Overall, we continue to like SailPoint's ( SAIL ) positioning in a durable and growing identity security market," the firm said.

RBC maintained the company's outperform rating and $24 price target.

Price: 19.50, Change: -1.16, Percent Change: -5.61