Samsara price target lowered to $42 from $48 at Craig-Hallum

Craig-Hallum analyst Anthony Stoss lowered the firm’s price target on Samsara (IOT) to $42 from $48 and keeps a Hold rating on the shares. The firm remains on the sidelines due to the valuation, as well as decelerating growth and weakening economy. Craig-Hallum believes investors can wait for more air to come out of the stock given fears of a slowing GDP where Samsara’s target market makes up 40% of GDP. The firm highlights Samsara continues to generate strong ARR and add $100k-plus ARR customers at a high rate. Further, the company guided their FY26 revenues to about 22%-23% growth after FY25’s 33% revenue growth.