Analyst Derrick Wood from TD Cowen maintained a Buy rating on Samsara (IOT – Research Report) and keeping the price target at $56.00.
Derrick Wood’s rating is based on Samsara’s consistent execution across its growth strategies, including expansion into international and vertical markets. The company has demonstrated strong revenue growth, surpassing expectations in previous quarters, and is expected to maintain this momentum with durable end-markets supporting its performance. Despite a high valuation, Samsara’s ability to deliver solid results and align with market growth projections for FY26 reinforces the Buy rating.
Derrick Wood also highlights Samsara’s strategic initiatives, such as the introduction of new products like the Asset Tag solution and software-only SKUs, which are anticipated to drive future growth. The company’s continued success in key verticals like Construction and Public Sector, along with its expansion in international markets, further supports the positive outlook. While there are some concerns about potential tariff and trade war risks, Samsara’s proven track record and medium-term growth framework contribute to the Buy recommendation.
Based on the recent corporate insider activity of 269 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IOT in relation to earlier this year.