BTIG Research Raises Samsara (NYSE:IOT) Price Target to $54.00

Samsara (NYSE:IOT) had its price objective lifted by research analysts at BTIG Research from $45.00 to $54.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s target price indicates a potential upside of 39.39% from the company’s current price.

IOT has been the topic of a number of other reports. Morgan Stanley set a $43.00 price objective on Samsara in a research note on Tuesday, July 21st. Bank of America reiterated a “buy” rating on shares of Samsara in a research note on Friday. Guggenheim began coverage on shares of Samsara in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $45.00 price target on the stock. Wolfe Research restated an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Finally, KeyCorp raised their price objective on shares of Samsara from $41.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.72.

Samsara Price Performance

NYSE:IOT opened at $38.74 on Friday. The company has a market capitalization of $22.57 billion, a P/E ratio of 387.44, a P/E/G ratio of 8.26 and a beta of 1.35. The business has a fifty day simple moving average of $37.59 and a two-hundred day simple moving average of $33.17. Samsara has a 1 year low of $23.38 and a 1 year high of $47.47.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 EPS. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, analysts anticipate that Samsara will post 0.15 earnings per share for the current year.

Insider Activity

In related news, insider Adam Eltoukhy sold 6,876 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $39.82, for a total transaction of $273,802.32. Following the completion of the transaction, the insider owned 425,080 shares of the company’s stock, valued at approximately $16,926,685.60. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 34,557 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $39.44, for a total transaction of $1,362,928.08. Following the sale, the insider directly owned 1,134,795 shares in the company, valued at $44,756,314.80. This trade represents a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,458,623 shares of company stock worth $158,550,351 over the last ninety days. Company insiders own 35.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System raised its position in shares of Samsara by 3,119.1% in the second quarter. California State Teachers Retirement System now owns 15,704,422 shares of the company’s stock worth $484,256,000 after buying an additional 15,216,568 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Samsara by 58.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after buying an additional 4,401,082 shares in the last quarter. Brown Advisory Inc. increased its stake in Samsara by 42.1% in the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock worth $397,536,000 after acquiring an additional 3,322,023 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Samsara by 9.6% in the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after acquiring an additional 813,922 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Samsara by 15.8% during the 4th quarter. State Street Corp now owns 6,920,219 shares of the company’s stock valued at $245,322,000 after acquiring an additional 944,485 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Fiscal Q2 revenue rose 29.9% year over year to $508.4 million, exceeding the $483.3 million analyst consensus. Adjusted earnings of $0.20 per share also topped the $0.16 estimate and increased from $0.12 a year earlier. Samsara Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Samsara crossed $2.1 billion in annual recurring revenue, with ARR growth of 30% for the third consecutive quarter. Enterprise ARR reportedly surged 50%, while the company set a quarterly record for new customers generating more than $1 million in ARR—evidence of increasing adoption among large organizations. Samsara Crosses $2.1 Billion in ARR
• Positive Sentiment: Management raised fiscal 2027 expectations. Full-year revenue is projected at approximately $2.043 billion to $2.047 billion, while full-year earnings guidance of $0.76 to $0.78 per share is well above the prior consensus estimate of $0.60. The company is also targeting a 21% non-GAAP operating margin, signaling improving operating leverage. Samsara Fiscal 2027 Outlook
• Positive Sentiment: Third-quarter revenue guidance of $514 million to $516 million is above the approximately $509.8 million analyst estimate, suggesting management expects growth momentum to continue. Samsara Raises Full-Year Outlook
• Neutral Sentiment: The results support the rally, but Samsara continues to carry a demanding valuation, making the stock sensitive to any slowdown in growth, weaker enterprise demand, or failure to meet its elevated guidance.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.