From Barchart: 2025-03-10 09:12:00

Daniel Jester of BMO Capital sets a $48 price target for NYSE:IOT, signaling a potential 35.75% increase. Despite a 15.57% stock drop due to conservative guidance, Samsara maintains a market cap of $19.84 billion, solidifying its position in the IoT market.

Samsara Inc., listed as IOT on NYSE, offers IoT solutions to enhance business operations by connecting physical assets to the cloud. Competitors like Cisco and GE Digital also provide similar services.

CEO Sanjit Biswas discussed Samsara’s fourth-quarter results, revealing a 15.57% stock decrease to $35.36 amidst investor worries over the company’s cautious outlook.

Despite stock volatility, Samsara’s market cap remains strong at $19.84 billion, showcasing its resilience in the IoT market. Analysts and investors closely monitor its ability to meet the $48 price target amid market challenges.



Read more at Barchart:: Samsara Inc. (IOT) Price Target and Market Perform…