RBC Capital Reiterates Outperform Rating on Samsara Inc (IOT)

RBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $54.00 price target on Samsara Inc (NYSE: IOT).

The analyst commented: "Samsara reported a solid start to the year highlighted by +31% cc ARR growth and +32% cc revenue growth. That said, the company saw some deal elongation in light of Liberation Day as some customers prioritized spending on vehicles/equipment ahead of tariffs. With this disruption, we think results are even better than first blush. NNARR is expected to be at least flat for the remainder of the year, which we continue to view as conservative and see upside as likely with momentum building across the business. Maintain our OP rating and $54 PT."

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 $47.25 yesterday.

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