Oct. 1 at 5:34 PM
Evercore ISI upgraded Samsara to Outperform, raising its price target to
$50, citing strong long-term growth prospects supported by product expansion, execution, and attractive valuation. Analysts highlighted four drivers: expansion into underpenetrated core markets, proven execution exceeding expectations, valuation aligned with sustainable revenue growth above 25%, and optionality from newer products and AI. Samsara’s focus on operations budgets, low telematics and video security penetration, and AI-driven innovation is expected to sustain revenue growth in the low- to mid-20% range while enabling significant operating leverage. Strategic evolution toward a Connected Platform enhances cross-sell opportunities and international expansion potential, particularly in Construction and State & Local government verticals.
$IOT