Samsara Analysts Increase Their Forecasts Following Better-Than-Expected Q3 Earnings

Core Insights - Samsara, Inc. reported strong third-quarter results, with earnings of 15 cents per share, surpassing the analyst estimate of 12 cents, and quarterly revenue of $415.98 million, exceeding the Street estimate of $398.47 million, and up from $321.98 million year-over-year [1][2] Financial Performance - The company ended Q3 with an Annual Recurring Revenue (ARR) of $1.75 billion, indicating durable and efficient growth [2] - Quarterly revenue increased by approximately 29% compared to the same period last year, from $321.98 million to $415.98 million [1] Analyst Ratings and Price Targets - BMO Capital maintained an Outperform rating and raised the price target from $47 to $50 [4] - B of A Securities maintained a Buy rating and increased the price target from $53 to $55 [4] - RBC Capital kept an Outperform rating and raised the price target from $46 to $50 [4] - JP Morgan maintained a Neutral rating and increased the price target from $46 to $48 [4] - Wells Fargo maintained an Overweight rating and raised the price target from $50 to $52 [4] - TD Cowen maintained a Buy rating and increased the price target from $49 to $55 [4] - Piper Sandler maintained an Overweight rating and raised the price target from $48 to $49 [4]