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In-Depth Examination Of 10 Analyst Recommendations For Samsara

Author: Benzinga Insights | April 18, 2024 09:00am

In the last three months, 10 analysts have published ratings on Samsara (NYSE:IOT), offering a diverse range of perspectives from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 3 4 0 0
Last 30D 1 0 0 0 0
1M Ago 0 0 0 0 0
2M Ago 2 3 4 0 0
3M Ago 0 0 0 0 0

Analysts have set 12-month price targets for Samsara, revealing an average target of $42.4, a high estimate of $47.00, and a low estimate of $38.00. This current average has increased by 19.64% from the previous average price target of $35.44.

price target chart

Decoding Analyst Ratings: A Detailed Look

The perception of Samsara by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Mark Schappel Loop Capital Announces Buy $42.00 -
Kash Rangan Goldman Sachs Raises Buy $44.00 $39.00
J. Derrick Wood TD Cowen Raises Outperform $45.00 $36.00
Matthew Hedberg RBC Capital Raises Outperform $47.00 $40.00
Daniel Jester BMO Capital Raises Market Perform $40.00 $35.00
Kash Rangan Goldman Sachs Raises Buy $44.00 $39.00
Kirk Materne Evercore ISI Group Raises In-Line $41.00 $33.00
James Fish Piper Sandler Raises Neutral $41.00 $33.00
Joel Fishbein Truist Securities Raises Hold $38.00 $30.00
Michael Turrin Wells Fargo Raises Overweight $42.00 $34.00

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Samsara. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Samsara compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Samsara's stock. This comparison reveals trends in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Samsara's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Samsara analyst ratings.

Delving into Samsara's Background

Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of its revenue from the United States.

Breaking Down Samsara's Financial Performance

Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

Revenue Growth: Samsara displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 48.08%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.

Net Margin: Samsara's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -41.04%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Samsara's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -12.15%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -6.63%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: Samsara's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.11.

The Significance of Analyst Ratings Explained

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: IOT

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