Samsara jumps after raising annual forecasts, Q2 beat
IOT•AI adoption and analyst reaction
Customer adoption of some latest AI features is up more than 4x in the last two months, CEO Sanjit Biswas said.
BofA Global Research raised its price target on the stock to $55 from $47.
Eighteen analysts covering the stock rate it "buy" or higher and six rate it "hold"; the median price target is $50, according to LSEG data.
The stock is up about 9% so far in 2026, through the last close.
Shares rise after forecast hike and beat
Shares of software firm Samsara IOT.N climb 13.6% to $44 premarket.
- Company raises annual adjusted EPS forecast to between 76 and 78 cents, up from the previous range of 70 to 72 cents.
- Sees annual revenue between $2.043 and $2.047 billion, compared with the previous $2.005 to $2.013 billion range.
- Q2 revenue and adjusted EPS both beat estimates, according to data compiled by LSEG.
