Samsara Inc (IOT) PT Lowered to $38 at BNP Paribas Exane

BNP Paribas Exane analyst Andrew DeGasperi lowered the price target on Samsara Inc (NYSE: IOT) to $38.00 (from $43.00) while maintaining a Neutral rating.

The analyst commented, "Samsara customers faced a tough April that led to elongated sales cycles for certain deals, Samsara reported strong F1Q top-line growth of 32% ex-FX. However, the stock is likely pricing in a deceleration in net new ARR (NNARR) growth of 8% ex-FX vs. 10% in F4Q, which led to one of the smallest beats too ARR since the company went public. We continue to believe some concern around macro/tariffs on its end markets will be an overhang for now."

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