BNP Paribas Upgrades Samsara (IOT) to Outperform with $40 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- Rating Upgrade: BNP Paribas upgraded Samsara's rating from Neutral to Outperform with a $40 price target, reflecting improved risk/reward dynamics that could drive stock price appreciation.
- Demand Recovery: Analyst Andrew DeGasperi noted that despite extended sales cycles due to tariffs in the first half of 2025, demand for Samsara's technology has stabilized significantly in the latter half, indicating robust market interest in its IoT solutions.
- Competitive Advantage: While facing competition from companies like Motive, DeGasperi believes Samsara's early mover advantage in the large fleet market and its scale will limit market share loss, further solidifying its position.
- Revenue Growth Outlook: The analyst highlighted that Samsara's net new annual recurring revenue growth reaccelerated in the fiscal second and third quarters of 2025, with expectations of maintaining a mid-high 20% growth rate, showcasing the company's future growth potential and attractiveness.
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Analyst Views on IOT
Wall Street analysts forecast IOT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IOT is 50.54 USD with a low forecast of 39.00 USD and a high forecast of 57.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 30.120
Low
39.00
Averages
50.54
High
57.00
Current: 30.120
Low
39.00
Averages
50.54
High
57.00
About IOT
Samsara Inc. operates a Connected Operations Platform, which enables organizations that depend on physical operations to harness Internet of Things (IoT) data to develop actionable insights and improve their operations. The Company’s Connected Operations Platform includes its Data Platform, which ingests, aggregates, and enriches data from its IoT devices and an ecosystem of connected assets and third-party systems, and which has embedded capabilities for artificial intelligence (AI), workflows and analytics, alerts, application programming interface (API) connections, and data security and privacy; and applications for video-based safety, vehicle telematics, workforce apps, equipment monitoring, and site visibility. Its video-based safety enables customers to build a safety program and protect their teams with AI-enabled video. It serves organizations across construction, transportation and warehousing, field services, manufacturing, retail, logistics, and the public sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
BNP Paribas Upgrades Samsara (IOT) to Outperform with $40 Price Target
- Rating Upgrade: BNP Paribas upgraded Samsara's rating from Neutral to Outperform with a $40 price target, reflecting improved risk/reward dynamics that could drive stock price appreciation.
- Demand Recovery: Analyst Andrew DeGasperi noted that despite extended sales cycles due to tariffs in the first half of 2025, demand for Samsara's technology has stabilized significantly in the latter half, indicating robust market interest in its IoT solutions.
- Competitive Advantage: While facing competition from companies like Motive, DeGasperi believes Samsara's early mover advantage in the large fleet market and its scale will limit market share loss, further solidifying its position.
- Revenue Growth Outlook: The analyst highlighted that Samsara's net new annual recurring revenue growth reaccelerated in the fiscal second and third quarters of 2025, with expectations of maintaining a mid-high 20% growth rate, showcasing the company's future growth potential and attractiveness.
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Samsara is Creating a Triple Bottom—Is It Time to Invest?
Stock Performance: Shares of Samsara Inc. (NYSE: IOT) are currently testing a critical support level at $32, which has held firm on three separate occasions, indicating potential investor interest and market stability.
Market Sentiment: Analysts are increasingly bullish on Samsara's stock, with some projecting significant upside potential, suggesting that the current price level may represent a genuine floor for the stock.
Investor Behavior: Despite previous sell-offs, there is strong demand for shares in the low $30s, indicating that investors are willing to accumulate at these prices, which could lead to a rebound if the stock maintains its support.
Future Outlook: As the company heads into 2026, the technical setup remains attractive, with limited downside risk and substantial upside potential if buyers can sustain the current support level.
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