Truist Raises Price Target on Samsara to $38 From $30, Keeps Hold Rating

Simply Wall St reports that Piper Sandler downgraded Samsara (IOT) to Neutral after a strong run. The article cites 90-day share return of 41.85% and 1-year total shareholder return of 22.65%, and says attention has shifted to slowing app-download trends and more reliance on cross-selling. It references a $65 fair value versus a $39.86 close and notes P/S of 13.4x.

Piper Sandler downgraded Samsara to Neutral from Overweight and kept a $40 price target, citing weaker app-download trends. It said fiscal Q2 downloads fell 14% YoY and July declined 44% YoY. The firm expects about 4% upside to fiscal Q2 revenue and $120M more net new ARR, with growth increasingly from cross-selling.

Guggenheim initiated coverage of Samsara Inc (NYSE:IOT) with a buy rating and a $45 price target, citing upside of about 24% versus a $33.33 trading price. The firm highlighted IoT execution, expansion beyond regulatory origins, and revenue of $1.73 billion with nearly 30% growth over 12 months, plus 76.3% gross margins.

U.S. stock futures were mixed Friday: Nasdaq 100 and S&P 500 slipped while Dow futures rose after a mixed prior close. President Trump said he would consider meeting Iran’s Supreme Leader Ayatollah Mojtaba Khamenei if diplomacy progresses. Treasury yields were 4.46% (10-year) and 4.03% (2-year); FedWatch priced a 96.4% chance of no June rate change. Lululemon, Docusign (-4.73%), Samsara (-5.14%), and Keel (-8.94% on $350m convertibles) were among movers.

Samsara (NYSE: IOT) reported Q1 CY2026 results that beat expectations. Revenue rose 30.5% year over year to $478.8 million, topping Wall Street estimates by 5.2%. The company guided Q2 revenue to $483 million at the midpoint, 0.6% above consensus, and posted non-GAAP EPS of $0.17, 30.4% above estimates.

Samsara (NYSE: IOT) reports Q1 FY2027 earnings after the close, with analysts expecting EPS of $0.13 (up 18% y/y) and revenue of $455.17 million (up 24% y/y). For FY2027, consensus calls for EPS of $0.69 and revenue of $1.97 billion. Investors will focus on Q1 non-GAAP operating margin versus the FY2027 19% guide and on enterprise customer/ARR growth.