Samsara Inc (IOT) PT Lowered to $47 at BMO Capital

BMO Capital analyst Daniel Jester lowered the price target on Samsara Inc (NYSE: IOT) to $47.00 (from $54.00) while maintaining a Outperform rating.

The analyst comments "Samsara returned to form and navigated the tricky tariff environment with a good quarter that delivered ARR growth of 30% with near double-digit y/y EBIT margin expansion. With a strong core of telematics and safety, supported by a wide range of emerging products, and momentum with larger customers (including the public sector), we see the company as well positioned to deliver upside against what appears to be conservative FY2H26 guidance. Reiterate Outperform, although we trim our target slightly to $47 reflective of lower comps."

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