Evercore ISI Raises Samsara (IOT) PT to $50, Cites Ability to Exceed Expectations

Group 1 - Samsara Inc. has been upgraded to Outperform by Evercore ISI with a new price target of $50, reflecting confidence in its long-term growth potential [1][3] - The company reported FQ2 2026 financial results with an Annual Recurring Revenue (ARR) of $1.6 billion, marking a 30% year-over-year increase [2][3] - A record of 17 new customers with over $1 million ARR contributed to more than 20% of total ARR, which is approximately $350 million [3] Group 2 - Samsara's Q2 revenue reached $391 million, also showing a 30% year-over-year growth [3] - For Q3, the company anticipates revenue between $398 million and $400 million, indicating a growth rate of 24% [3] - Samsara provides solutions that connect physical operations data to its connected operations platform, both in the US and internationally [3]