- Price Target: BMO Capital sets a price target of $47 for Samsara Inc. (NYSE:IOT), indicating a potential increase of about 11.67%.
- Quarterly Performance: Samsara exceeds expectations and raises future guidance, showcasing confidence in its growth trajectory.
- Market Confidence: The stock price of IOT has increased by 17.44%, reflecting strong market confidence and active investor interest.
Samsara Inc. (NYSE:IOT) is a company that specializes in providing Internet of Things (IoT) solutions, focusing on connecting physical operations to the cloud. This helps businesses improve their operational efficiency and safety. Samsara competes with other IoT companies like Cisco and GE Digital. On September 5, 2025, Daniel Jester from BMO Capital set a price target of $47 for IOT, which was trading at $42.09 at the time. This suggests a potential price increase of about 11.67%.
Samsara’s recent quarterly performance has been impressive, as highlighted by CEO Sanjit Biswas on ‘Closing Bell Overtime’. The company not only exceeded expectations but also raised its future guidance, indicating confidence in its growth trajectory. This positive outlook aligns with the price target set by BMO Capital, suggesting that the stock could reach $47.
The stock price of IOT has seen a significant increase of 17.44%, with a change of $6.25, reflecting strong market confidence. Today, the stock fluctuated between $38.39 and $42.87, showing some volatility. However, the potential for growth remains, as the stock has previously reached a high of $61.90 over the past year.
Samsara’s market capitalization is approximately $23.96 billion, indicating its substantial presence in the IoT industry. The trading volume for IOT today is 23,951,781 shares, suggesting active investor interest. Despite challenges like tariffs, as discussed by Biswas, the company is employing strategies to navigate these economic pressures effectively.
