Samsara Stock Nabs Record High After Top-Line Beat

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, 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. IOT earlier roared to a record high of $45.19. The shares are up more than 30% so far in 2024, bouncing off s ...