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Samsara Stock Nabs Record High After Top-Line Beat
IOTSamsara (IOT) Schaeffers Investment Research·2024-09-06 14:07

Samsara Inc (NYSE:IOT), one of Schaeffer's Top Stock Picks of 2024, is on the move today. The shares are up 15.2% to trade at 44.65,aftertheInternet−of−Things(IoT)namereportedasecond−quarterearningsandrevenuebeat.Additionally,thecompanyissuedanimpressivefull−yearforecast.Atleasteightanalystsliftedtheirpricetargetsinresponse,thehighestcomingfromRBCto44.65, after the Internet-of-Things (IoT) name reported a second-quarter earnings and revenue beat. Additionally, the company issued an impressive full-year forecast. At least eight analysts lifted their price targets in response, the highest coming from RBC to 49 from 47.IOTearlierroaredtoarecordhighof47. IOT earlier roared to a record high of 45.19. The shares are up more than 30% so far in 2024, bouncing off s ...