Truist analyst Junaid Siddiqui raised the firm’s price target on Samsara (IOT) to $39 from $35 and keeps a Hold rating on the shares. The company delivered solid results that were significantly above the high end of guidance for revenue and operating margin, while its annual recurring revenue grew 29.8% y/y to $1.64B, ahead of consensus of $1.62B, the analyst tells investors in a research note. Truist is encouraged by the traction with large customers and strong new logo and expansion metrics, but the firm is also cautious as comps get tougher in the second half of FY26.
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