William Blair analyst Dylan Becker has maintained their bullish stance on IOT stock, giving a Buy rating on March 4.
Dylan Becker has given his Buy rating due to a combination of factors that highlight Samsara’s strong financial performance and market position. The company reported impressive quarterly results, surpassing expectations in both revenue and operating profitability. Samsara’s annual recurring revenue (ARR) saw a significant increase, and the company’s initial fiscal 2026 outlook suggests continued growth, which is slightly above market expectations.
Moreover, Samsara is experiencing strong momentum with enterprise-level customers, evidenced by a record number of large customer deals and increased adoption of multiple products. This broad-based deal momentum, particularly in construction and public sector markets, underscores the company’s effective market strategy and the substantial return on investment (ROI) it offers customers. Despite challenges faced by other software companies, Samsara’s products remain critical and are supported by substantial operational budgets, contributing to sustained ARR growth. Becker believes that Samsara’s unique combination of robust revenue growth and margin improvement positions it for long-term market outperformance.
Becker covers the Technology sector, focusing on stocks such as Manhattan Associates, Enfusion, and ServiceTitan, Inc. Class A. According to TipRanks, Becker has an average return of 10.2% and a 60.00% success rate on recommended stocks.
In another report released on March 4, Bank of America Securities also maintained a Buy rating on the stock with a $64.00 price target.