TD Cowen Forecasts Strong Price Appreciation for Samsara (NYSE:IOT) Stock

Samsara (NYSE:IOT) had its target price raised by investment analysts at TD Cowen from $49.00 to $55.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 21.39% from the stock’s current price.

IOT has been the topic of a number of other research reports. Bank of America increased their price target on shares of Samsara from $53.00 to $55.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets upped their price objective on Samsara from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada increased their target price on Samsara from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday. Cowen restated a “buy” rating on shares of Samsara in a research note on Friday. Finally, Wells Fargo & Company upped their price target on Samsara from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Friday. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Samsara Price Performance

Shares of NYSE:IOT opened at $45.31 on Friday. The business has a fifty day moving average price of $38.46 and a 200-day moving average price of $38.76. The company has a market capitalization of $25.99 billion, a PE ratio of -566.38 and a beta of 1.61. Samsara has a 1-year low of $31.40 and a 1-year high of $61.90.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $415.98 million for the quarter, compared to analysts’ expectations of $398.92 million. Samsara had a negative net margin of 2.79% and a negative return on equity of 3.61%. Samsara’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. On average, sell-side analysts anticipate that Samsara will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Samsara news, insider Sanjit Biswas sold 14,152 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $38.10, for a total transaction of $539,191.20. Following the completion of the sale, the insider directly owned 44,952 shares in the company, valued at $1,712,671.20. The trade was a 23.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Bicket sold 24,162 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $38.15, for a total transaction of $921,780.30. Following the sale, the insider directly owned 218,173 shares of the company’s stock, valued at $8,323,299.95. The trade was a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,730,107 shares of company stock valued at $143,045,198 over the last 90 days. Company insiders own 46.49% of the company’s stock.

Institutional Trading of Samsara

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its holdings in Samsara by 194.4% during the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after buying an additional 828 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in shares of Samsara by 7.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 25,947 shares of the company’s stock valued at $967,000 after acquiring an additional 1,719 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of Samsara in the 3rd quarter worth $1,637,000. JPMorgan Chase & Co. raised its holdings in Samsara by 20.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,664,688 shares of the company’s stock worth $62,010,000 after purchasing an additional 284,174 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in Samsara in the 3rd quarter worth $379,000. 96.02% of the stock is currently owned by institutional investors.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.