Samsara dips despite earnings beat; provides optimistic guidance
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RBC Capital Reiterates Outperform Rating on Samsara Inc (IOT)
June 7, 2024 6:20 AM EDTRBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $47.00 price target on Samsara Inc (NYSE: IOT)
The analyst comments "Samsara delivered a strong start to the FY highlighted by +37% ARR growth that showed minimal deceleration from a strong Q4/24. We liked the ongoing large customer... More
Samsara Inc (IOT) PT Lowered to $40 at Evercore ISI
June 7, 2024 5:09 AM EDTEvercore ISI analyst Kirk Materne lowered the price target on Samsara Inc (NYSE: IOT) to $40.00 (from $41.00) while maintaining a In Line rating.
The analyst comments "IOT delivered another clean beat/raise against elevated expectations. While the 3% beat on revenue was a bit lower than prior quarters, we believe the long-term fundamentals remain intact and the company continues to grow net new ARR well above its peer group (+21% in... More
