Samsara price target lowered to $51 from $56 at TD Cowen

TD Cowen analyst Derrick Wood lowered the firm’s price target on Samsara (IOT) to $51 from $56 and keeps a Buy rating on the shares. The company reported a “strong” Q4, driven by large deals across new and existing customers, its fiscal 2026 sales growth guidance of 23%-24% was in line with the Street at 24%, the analyst tells investors in a research note. The firm points out that Samsara sees minimal risk from impending tariffs. TD cites recent sector pressure for the target cut but believes the shares sill warrant a premium valuation.