BTIG lowered the firm’s price target on Samsara (IOT) to $45 from $55 but keeps a Buy rating on the shares after its Q4 results and guidance. The company saw annualized recurring revenue growth accelerating to 30% in constant currency, a higher magnitude of upside vs. consensus, and FY27 growth and margin framework were above consensus, which should serve as a reminder that Samsara remains one of the most durable and efficient growers in software, the analyst tells investors in a research note.
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