Piper Sandler on Samsara Inc (IOT): 'Own Into the Print Given Setup & Inputs'

Piper Sandler analyst James Fish reiterated an Overweight rating and $48.00 price target on Samsara Inc (NYSE: IOT).

The analyst commented: "Own Into the Print Given Setup & Inputs; Our latest "TTT" that looks at macro and micro-specific datapoints for Samsara and the transportation industry, particularly for Samsara implications, did have some mixed macroinputs and positive Samsara-specific inputs. Most macro-indicators are showing stability to slightly better trends vs. last quarter, with the major exception being Heavy Duty Truck sales that came in seasonally below normal. Most importantly, Samsara's data points correlate to >$415M in revenue / ~5% upside and mid-teens NNARR growth. We expect this would be a positive for the stock, which will be helped by FQ4 guide being very slightly raised and make the likely FY27 'de-risked' guide (+21% Y/Y) appear conservative. Despite skepticism here, we would be owners into this print as Samsara durability shows through."

For an analyst ratings summary and ratings history on Samsara Inc click here. For more ratings news on Samsara Inc click here.

Shares of Samsara Inc closed at $38.72 yesterday.

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