Wells Fargo lowered the firm’s price target on Samsara (IOT) to $51 from $55 and keeps an Overweight rating on the shares. The firm notes the company posted strong Q4 results delivering 36% growth and 14% free cash flow margin, at about $1.5B in scale. Initial guide likely attracts a few questions, but Wells continues to see Samsara as well-positioned to deliver outsized growth in a fluid backdrop.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IOT:
- Samsara’s Strong Financial Performance and Market Position Drive Buy Rating
- Samsara, Inc. Reports Strong Fiscal Year 2025 Growth
- Closing Bell Movers: HP Enterprise down 20% as guidance disappoints
- Samsara sees Q1 annual recurring revenue down from Q4
- Samsara reports Q4 adjusted EPS 11c, consensus 7c