BTIG Research Boosts Samsara (NYSE:IOT) Price Target to $54.00

Key Points

• BTIG Research raised Samsara’s price target from $45 to $54 and maintained a “buy” rating, implying 39.39% upside from the stock’s $38.74 price. The analyst consensus remains “Moderate Buy,” with an average target of $48.72.
• Samsara reported quarterly revenue of $508.4 million, up 29.9% year over year, and adjusted EPS of $0.20, beating estimates of $483.3 million and $0.16. Management also raised fiscal 2027 guidance, including $0.76–$0.78 in EPS and approximately $2.043–$2.047 billion in revenue.
• Despite strong growth and rising enterprise adoption, Samsara trades at a demanding valuation, including a price-to-earnings ratio above 387. Insiders sold $158.6 million of shares over the past three months, adding a potential risk alongside the stock’s sensitivity to any slowdown in growth.

Samsara (NYSE:IOT - Get Free Report) had its price objective upped by equities research analysts at BTIG Research from $45.00 to $54.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. BTIG Research's price objective would indicate a potential upside of 39.39% from the stock's current price.

A number of other brokerages also recently weighed in on IOT. Truist Financial increased their price target on Samsara from $30.00 to $38.00 and gave the stock a "hold" rating in a report on Wednesday, August 19th. Guggenheim began coverage on Samsara in a research report on Wednesday, July 22nd. They set a "buy" rating and a $45.00 target price on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $58.00 target price on shares of Samsara in a research note on Friday. Morgan Stanley set a $43.00 target price on Samsara in a report on Tuesday, July 21st. Finally, Bank of America reissued a "buy" rating on shares of Samsara in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $48.72.

Samsara Stock Performance

Samsara stock opened at $38.74 on Friday. The firm has a market cap of $22.57 billion, a price-to-earnings ratio of 387.44, a PEG ratio of 8.26 and a beta of 1.35. Samsara has a 52-week low of $23.38 and a 52-week high of $47.47. The firm has a 50 day moving average price of $37.59 and a two-hundred day moving average price of $33.17.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company had revenue of $508.44 million during the quarter, compared to analysts' expectations of $483.29 million. During the same period in the prior year, the company posted $0.12 earnings per share. Samsara's revenue for the quarter was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, equities research analysts predict that Samsara will post 0.15 EPS for the current fiscal year.

Insider Activity

In other news, insider John Bicket sold 34,557 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $39.44, for a total transaction of $1,362,928.08. Following the transaction, the insider directly owned 1,134,795 shares of the company's stock, valued at $44,756,314.80. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 35,366 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $39.43, for a total value of $1,394,481.38. Following the completion of the transaction, the chief executive officer owned 935,671 shares in the company, valued at approximately $36,893,507.53. This represents a 3.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,458,623 shares of company stock worth $158,550,351 in the last three months. Company insiders own 35.13% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC bought a new position in shares of Samsara in the fourth quarter valued at approximately $13,464,000. Royal Bank of Canada lifted its holdings in Samsara by 100.3% during the first quarter. Royal Bank of Canada now owns 96,142 shares of the company's stock worth $3,686,000 after acquiring an additional 48,135 shares during the period. Jones Financial Companies Lllp boosted its position in Samsara by 2,444.6% in the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company's stock worth $682,000 after purchasing an additional 17,088 shares during the last quarter. Empowered Funds LLC boosted its position in Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock worth $390,000 after purchasing an additional 335 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in Samsara by 142.4% in the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company's stock valued at $2,739,000 after purchasing an additional 40,450 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Key Headlines Impacting Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Fiscal Q2 revenue rose 29.9% year over year to $508.4 million, exceeding the $483.3 million analyst consensus. Adjusted earnings of $0.20 per share also topped the $0.16 estimate and increased from $0.12 a year earlier. Samsara Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Samsara crossed $2.1 billion in annual recurring revenue, with ARR growth of 30% for the third consecutive quarter. Enterprise ARR reportedly surged 50%, while the company set a quarterly record for new customers generating more than $1 million in ARR—evidence of increasing adoption among large organizations. Samsara Crosses $2.1 Billion in ARR
• Positive Sentiment: Management raised fiscal 2027 expectations. Full-year revenue is projected at approximately $2.043 billion to $2.047 billion, while full-year earnings guidance of $0.76 to $0.78 per share is well above the prior consensus estimate of $0.60. The company is also targeting a 21% non-GAAP operating margin, signaling improving operating leverage. Samsara Fiscal 2027 Outlook
• Positive Sentiment: Third-quarter revenue guidance of $514 million to $516 million is above the approximately $509.8 million analyst estimate, suggesting management expects growth momentum to continue. Samsara Raises Full-Year Outlook
• Neutral Sentiment: The results support the rally, but Samsara continues to carry a demanding valuation, making the stock sensitive to any slowdown in growth, weaker enterprise demand, or failure to meet its elevated guidance.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.

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