Samsara Inc. (NYSE:IOT) posted better-than-expected fiscal 2027 second-quarter results after Thursday’s closing bell.
Samsara reported quarterly earnings of 20 cents per share, which beat the Street estimate of 16 cents by 25%, per Benzinga Pro data. Quarterly revenue came in at $508.44 million, beating the analyst estimate of $483.26 million and up from $391.480 million in the same period last year.
"Samsara delivered another quarter of durable and efficient growth, crossing $2.1 billion in ARR with 30% year-over-year growth for the third consecutive quarter," said CEO Sanjit Biswas.
Samsara shares rose 4% to trade at $40.29 on Friday.
These analysts made changes to their price targets on Samsara following earnings announcement.
- BTIG analyst Nick Altmann maintained the stock with a Buy and raised the price target from $45 to $54.
- Guggenheim analyst Tamjid Chowdhury maintained the stock with a Buy and raised the price target from $45 to $51.
- Keybanc analyst Jason Celino maintained the stock with an Overweight rating and raised the price target from $46 to $55.
- TD Cowen analyst Derrick Wood maintained the stock with a Buy and boosted the price target from $48 to $53.
- RBC Capital analyst Matthew Hedberg maintained the stock with an Outperform rating and raised the price target from $50 to $55.
- Wells Fargo analyst Michael Turrin maintained the stock with an Overweight rating and raised the price target from $50 to $58.
- BMO Capital analyst Daniel Jester maintained the stock with an Outperform rating and raised the price target from $44 to $54.
- B of A Securities analyst Matt Bullock maintained the stock with a Buy and raised the price target from $47 to $55.
Considering buying IOT stock? Here’s what analysts think:
Photo via Shutterstock