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Investing.com - Goldman Sachs has reiterated its Buy rating on Samsara Inc (NYSE:IOT) with a price target of $50.00 following the company’s strong fiscal second-quarter results. According to InvestingPro data, analyst consensus remains bullish, with price targets ranging from $38 to $60, supported by 15 analysts recently revising their earnings estimates upward.
The company reported revenue 5% above consensus estimates and annual recurring revenue (ARR) growth of 30%, with net new ARR accelerating to 19% compared to 5% in the previous quarter. Operating margin and free cash flow margin outperformed by 600 and 700 basis points, respectively. InvestingPro data reveals impressive gross profit margins of 76.94%, showcasing the company’s operational efficiency.
Samsara’s stock indicated a 10% increase in after-hours trading as the company raised its fiscal year 2026 revenue growth outlook to 26% from 24.5% previously, while improving its operating margin forecast to 15% from 13%. With a market capitalization of $20.22 billion, the company has maintained strong momentum despite recent market volatility. Get deeper insights into Samsara’s valuation and growth prospects with InvestingPro’s comprehensive analysis and additional ProTips.
Goldman Sachs highlighted several positive developments, including a quarterly record of 17 new customers with over $1 million in ARR, strong performance of emerging products representing 8% of net new annual contract value, and healthy international performance accounting for 15% of net new annual contract value.
The firm noted that Samsara maintained solid expansion momentum with core customer dollar-based net retention rate steady at 115%, with five of its top ten customer expansion deals including three or more products.
In other recent news, Samsara Inc. reported its Q2 fiscal 2026 earnings, which exceeded analyst expectations. The company posted an earnings per share (EPS) of $0.12, surpassing the forecasted $0.07, representing a 71.43% positive surprise. Samsara’s revenue reached $391.5 million, outperforming the projected $372.22 million and demonstrating a 30% increase compared to the previous year. These results highlight Samsara’s continued growth and operational success. Despite the positive earnings report, the company’s stock experienced a slight decline in aftermarket trading. Analyst firms have not provided any recent upgrades or downgrades for Samsara following these results. The focus remains on Samsara’s ability to maintain its growth trajectory in the coming quarters.
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