Samsara price target lowered to $37 from $49 at Piper Sandler

Piper Sandler lowered the firm’s price target on Samsara (IOT) to $37 from $49 and keeps an Overweight rating on the shares. While Software’s sentiment has remained more frozen than Elsa’s castle, the firm expects the stock can work on the print given the combination of the weak sentiment, this level of upside, operational budget stickiness, and that FY27 numbers are already “de-risked” that could result in mid-20s growth realistically.