Samsara Analysts Boost Their Forecasts After Strong Q2 Earnings

Samsara Inc. (NYSE: IOT) posted better-than-expected fiscal 2027 second-quarter results after Thursday’s closing bell. Samsara reported quarterly earnings of 20 cents per share, which beat the Street estimate of 16 cents by 25%, per Benzinga Pro data. Quarterly revenue came in at $508.44 million, beating the analyst estimate of $483.26 million and up from $391.480 million in the same period last year. "Samsara delivered another quarter of durable and efficient growth, crossing $2.1 billion in ARR with 30% year-over-year growth for the third consecutive quarter," said CEO Sanjit Biswas. Samsara shares rose 4% to trade at $40.29 on Friday. These analysts made changes to their price targets on Samsara following earnings announcement. BTIG analyst Nick Altmann maintained the stock with a Buy and rai...