Samsara Inc. continues to gain analyst support, with Piper Sandler and RBC Capital raising their price targets following strong quarterly results. Piper Sandler lifted its target to $40 from $39, maintaining an Overweight rating, while RBC Capital raised its target to $42 from $41 with an Outperform rating. The company reported a 30% annualized recurring revenue growth and broad-based business strength, particularly in large enterprise customer adoption. Samsara operates a Connected Operations Cloud that uses IoT sensors and AI to digitize physical operations, and it is treated as a cybersecurity play due to its enterprise-grade data security and cloud compliance.
Samsara IncAnalysts raised price targets following strong quarterly results and 30% ARR growth.