JPMorgan raised the firm’s price target on Samsara (IOT) to $48 from $46 and keeps a Neutral rating on the shares. The firm says the company’s Q3 contains a “number of impressive achievements,” including annual recurring revenue from large customers above $1B. The analyst cites the “strong” quarterly performance and guidance raise for the higher target.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IOT:
- Closing Bell Movers: Rubrik up 14% on earnings beat; Oklo down on $1.5B offering
- Samsara reports Q3 adjusted EPS 15c, consensus 12c
- Samsara sees Q4 adjusted EPS 12c-13c, consensus 12c
- Samsara raises FY26 EPS view to 50c-51c from 45c-47c, consensus 47c
- Samsara options imply 12.0% move in share price post-earnings