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On Friday, TD Cowen maintained a positive outlook on Samsara Inc (NYSE:IOT) shares, despite a reduced price target. The firm’s analyst, J. Derrick Wood, adjusted the target to $51.00 from the previous $56.00 while reiterating a Buy rating for the company’s stock. This target aligns with the broader analyst consensus, with targets ranging from $42 to $64, according to InvestingPro data, which shows 7 analysts have recently revised their earnings expectations upward.
Samsara, known for its Internet of Things (IoT) solutions, reported robust fourth-quarter results with a 36% adjusted growth and a revenue beat of approximately 3.5%. This performance was attributed to significant deal-making with both new and existing customers. The company’s guidance for fiscal year 2026 predicts a 23-24% constant currency growth, aligning with the Street’s expectation of 24%. Furthermore, the forecast for free cash flow (FCF) margin stands at around 9%. InvestingPro data reveals impressive gross profit margins of 76.12% and strong revenue growth of 33.26% over the last twelve months, though the company currently operates with a market capitalization of $23.5 billion.
The company’s ability to secure larger customer deals has been highlighted as an area of focus. Samsara’s management team is leveraging its expanded product offerings to capture these opportunities. Despite potential concerns, the management has indicated minimal risk from any impending tariffs that could affect the business.
TD Cowen’s revised price target reflects their continued confidence in Samsara’s business model and market position. The analyst’s commentary underscores the company’s consistent financial performance and strategic customer engagements as key drivers for its sustained growth.
In other recent news, Samsara Inc. reported a strong fiscal fourth quarter for 2025, surpassing analyst expectations with earnings per share (EPS) of $0.11, compared to a forecast of $0.07. The company achieved a 25% year-over-year increase in revenue, reaching $346 million, exceeding the anticipated $335.35 million. Samsara’s annual recurring revenue (ARR) also showed significant growth, increasing 32.3% year-over-year to $1.46 billion. Despite these positive results, several analyst firms adjusted their price targets for Samsara. RBC Capital Markets lowered its price target from $64 to $54, maintaining an Outperform rating, while Truist Securities reduced its target from $50 to $42, keeping a Hold rating. BMO Capital Markets also adjusted its price target to $48, maintaining a Market Perform rating. Goldman Sachs revised its price target to $50, down from $55, while still endorsing a Buy rating on the stock. These adjustments reflect broader market conditions, with analysts noting strong company performance but also highlighting potential challenges such as macroeconomic uncertainty and elongated deal closures. Samsara’s guidance for fiscal year 2026 suggests continued growth, with projected revenue between $1.523 billion and $1.533 billion, and an operating margin above analyst forecasts.
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