TD Cowen Reiterates Buy Rating on Samsara Inc. (NYSE:IOT)
TD Cowen sticks with a buy rating for Samsara Inc., setting a $45 price target, a 44.51% upside from the current price.
Key Points
- TD Cowen reiterated its buy rating for Samsara Inc. (NYSE:IOT) on June 25, 2026, with a price target of $45.
- TD Cowen's $45 price target implies 44.51% upside from Samsara Inc.'s ($IOT) current $31.14 share price.
- Samsara Inc.'s stock was trading near $31.24 on Thursday, with a market cap of about $18.1 billion and a forward P/E of 34.8.
- Analysts from Piper Sandler, RBC Capital, and Wells Fargo also have buy ratings, with targets ranging from $40 to $50.
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TD Cowen reiterated its buy rating on Samsara Inc. (NYSE:IOT) on June 25, 2026, maintaining a price target of $45. This comes as shares of the technology company traded around $31.24 on Thursday.
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Samsara Inc. Stock Down 24.3%
Shares of NYSE:IOT traded near $31.24 on Thursday. Samsara Inc. has a market cap of approximately $18.1 billion and a forward P/E ratio of 34.8. The stock has experienced a 52-week low of $23.38 and a high of $47.47. It boasts a 50-day moving average of $30.93 and a 200-day moving average of $34.07. The company maintains a current ratio of 1.62 and a quick ratio of 1.20, with a debt-to-equity ratio of 4.58.
$IOT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Samsara reported revenue of $1.73 billion with a growth rate of 30.5%. The company achieved a net margin of 3.32% and a return on equity of 4.36%. The next earnings report is scheduled for September 3, 2026.
Insider Buying and Selling at Samsara Inc.
Recent insider transactions include sales by CEO Sanjit Biswas and John Bicket on June 16, 2026. Biswas sold 2,070,755 shares, while Bicket sold 2,522,669 shares. Additionally, Adam Eltoukhy sold 1,614 shares on June 22, 2026, under a planned transaction.
Analysts Set New Price Targets
On June 25, 2026, TD Cowen reiterated its buy rating for Samsara with a $45 price target. Piper Sandler also reiterated its buy rating on June 5, 2026, with a $40 target. RBC Capital and Wells Fargo maintained buy ratings with targets of $42 and $50, respectively. The consensus among 20 analysts is a buy rating, with a mean price target of $44.78.
About Samsara Inc.
Samsara Inc. is a technology company based in San Francisco, California. It offers solutions to connect data from physical operations to its connected operations platform. The platform integrates data from IoT devices and connected assets, providing features like AI, analytics, and telematics. Samsara serves various industries, including transportation, construction, and logistics, and is led by CEO Sanjit Biswas.
Bottom Line
TD Cowen's reiteration of its buy rating for Samsara Inc. reflects confidence in the company's growth potential. With several analysts maintaining buy ratings and setting high price targets, Samsara remains a stock to watch. As always, remember that analyst ratings are backward-looking and may not reflect the most current market conditions.
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