BTIG Reiterates Buy Rating on Samsara Inc. (NYSE:IOT)
BTIG reaffirms its buy rating and sets a $45 price target for Samsara Inc, a 40.19% upside from the current price.
Key Points
- BTIG reiterated its buy rating for Samsara Inc. (NYSE:IOT) with a price target of $45 on June 26, 2026.
- BTIG's $45 price target implies 40.19% upside from Samsara Inc.'s ($IOT) current $32.10 share price.
- Samsara Inc. shares traded near $31.24 on Friday, with a market cap of $16.9 billion and a forward P/E of 32.4.
- Baillie Gifford & Co increased its Samsara holdings by 9.86 million shares, totaling 57.5 million shares worth $1.82 billion.
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BTIG reiterated its buy rating on Samsara Inc. (NYSE:IOT) on June 26, 2026, maintaining a price target of $45. Analyst Nick Altmann expressed continued confidence in the stock, which traded at $31.24 on Friday.
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Other Institutional Activity in Samsara Inc.
Several major institutional investors made moves in Samsara Inc. Baillie Gifford & Co grew its holdings by 9.86 million shares, ending with 57.5 million shares valued at about $1.82 billion. Price T Rowe Associates significantly increased its stake by 22.2 million shares, bringing its total to 36.6 million shares worth approximately $1.16 billion. FMR LLC also boosted its position by 7.58 million shares, totaling 23.8 million shares valued at $753 million. However, BlackRock, Inc. reduced its holdings by 2.72 million shares, now holding 22.3 million shares worth $708 million. Vanguard Portfolio Management LLC opened a new position with 16.9 million shares valued at $536 million.
Samsara Inc. Stock Down 22.0%
Shares of Samsara Inc. (NYSE:IOT) traded near $31.24 on Friday. The company has a market capitalization of approximately $16.9 billion, with a P/E ratio of 289.8 and a forward P/E of 32.4, indicating expectations of future earnings growth. Samsara's beta is 1.339, suggesting it is more volatile than the overall market. The stock's 52-week range is between $23.38 and $47.47, and it has a 50-day moving average of $31.26 and a 200-day moving average of $33.91.
$IOT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Samsara Inc. reported revenue of approximately $1.73 billion, reflecting a growth rate of 30.5%. The company's net margin stands at 3.32%, with a return on equity of 4.36%. Earnings per share were $0.10. The next earnings report is scheduled for June 4, 2026.
Insider Buying and Selling at Samsara Inc.
Recent insider transactions at Samsara Inc. included Adam Eltoukhy selling 1,614 shares at an average price of $32.21 on June 22, 2026, under a Rule 10b5-1 plan. On June 16, 2026, CEO Sanjit Biswas sold 2,070,755 shares, while John Bicket, holding a similar title, sold 2,522,669 shares. These transactions were not planned sales.
Analysts Set New Price Targets
On June 26, 2026, BTIG reiterated its buy rating on Samsara Inc. with a price target of $45. On June 25, 2026, TD Cowen also reaffirmed a buy rating with the same target. Earlier in June, Piper Sandler reiterated a buy rating with a $40 target. The consensus among analysts is a buy rating, with an average target price of $44.78 based on 20 analyst opinions.
About Samsara Inc.
Samsara Inc., headquartered in San Francisco, California, operates in the technology sector, specifically in software infrastructure. Founded in 2015, the company connects physical operations data to its connected operations platform. Samsara's platform integrates data from IoT devices and other assets, providing applications like video-based safety and telematics. It serves a wide range of industries, including transportation, logistics, manufacturing, and utilities. The company employs approximately 4,100 people under the leadership of CEO Sanjit Biswas.
Bottom Line
BTIG's reiteration of a buy rating for Samsara Inc. reflects continued optimism about the company's prospects. Investors keep a close eye on such analyst ratings, as they can influence market perceptions. It's important to remember that these analyst opinions are based on past and current data and may not predict future performance.
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