RBC Capital analyst Matthew Hedberg raised the firm’s price target on Samsara (IOT) to $46 from $44 and keeps an Outperform rating on the shares. The company reported strong Q2 results highlighted by 30% ARR growth and 31% revenue growth as macros have stabilized from Q1 tariff pressures, the analyst tells investors in a research note. Samsara’s key growth drivers performed well with large deal momentum as $100K+ and $1M+ customers displayed strong growth, improving international contributions, as well as the company’s largest Asset Tags deal to date, the firm added.
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