Samsara (IOT): 12 Analysts Raised Price Targets, But Some Still Want a Better Entry Point

On September 3, 2026, Samsara Inc. (NYSE:IOT) reported second-quarter fiscal 2027 results. Revenue reached $508.4 million, up 30% year-over-year, annual recurring revenue crossed $2.1 billion at the same growth rate, and GAAP net income came in at $0.03 per share, the company's fourth consecutive profitable quarter.

RBC Capital raised its target on Samsara Inc. (NYSE:IOT) to $55 from $50, keeping Outperform and calling the stock its "top idea," pointing to 30% annual recurring revenue growth for a third consecutive quarter at a larger scale with traction across large customers, emerging products, federal, international, and AI.

BofA's Matt Bullock raised his target to $55 from $47, keeping Buy, saying "all important key metrics" exceeded expectations substantially and calling Samsara "one of the highest quality growth assets in software."

Evercore ISI raised its target to $55 from $40, keeping Outperform, and KeyBanc raised its target on Samsara Inc. (NYSE:IOT) to $55 from $46, keeping Overweight, both citing broad-based strength across large customers, emerging products, and international penetration.

Cantor Fitzgerald initiated coverage with an Overweight rating and a $45 target, citing Samsara's durable business model moats and large underpenetrated total addressable market.

Samsara Inc. (NYSE:IOT) added a record 242 customers generating at least $100,000 in annual recurring revenue during the quarter, bringing the total to 3,605 and their combined ARR to $1.3 billion, a 38% increase from a year earlier. The company also secured 20 new customers with ARR of $1 million or more, also a quarterly record. Management estimates that about 85% of commercial vehicles have yet to adopt an AI-powered dash camera, while 96% of customers in the $100,000-plus ARR group now use at least two Samsara products.

Truist raised its target to $48 from $38 but kept a Hold rating despite calling Q2 "strong," while JPMorgan raised its target to $52 from $48 and held Neutral, calling the quarter a "durable beat and raise" without upgrading.

Piper Sandler raised its target on Samsara Inc. (NYSE:IOT) to $46 from $40, keeping Neutral, and Morgan Stanley raised its target to $49 from $43, keeping Equal Weight, saying the firm is still "looking for entry points" rather than recommending the stock outright.