BNP Paribas lowered Samsara's price target to $38, concerned about longer sales cycles

From Yahoo Finance: 2025-06-23 11:27:00

BNP Paribas Exane reduced Samsara’s price target to $38 from $43 on June 6, maintaining a Neutral rating. Despite a 32% revenue growth in fiscal Q1, net new ARR growth slowed to 8%, highlighting concerns about longer sales cycles impacting deal flow.

The lowered price target reflects macro pressures and tariff-related risks in Samsara’s markets. As the company addresses challenges, investors are urged to consider AI stocks with potentially higher returns and limited downside risk.

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Read more at Yahoo Finance: BNP Paribas Cut Samsara Target to $38 in Early June, Holding Neutral Stance