Piper Sandler Likes Samsara’s (IOT) High Upside

Core Viewpoint - Samsara Inc. (NYSE:IOT) is identified as one of the best beaten-down growth stocks to buy, with a significant upside potential despite a recent target price cut by Piper Sandler [1]. Group 1: Investment Sentiment - Piper Sandler reduced its target price for Samsara by 24.4% to $37 from $49 but maintained an Overweight rating, citing low investor sentiment in software stocks [1]. - The firm believes that Samsara's operational budget stickiness provides a competitive advantage against the impact of artificial intelligence on software companies [1]. - Other firms, such as BTIG and RBC Capital, echo the sentiment that Samsara is well-positioned for enterprise AI adoption and will benefit from AI trends in 2026 [2]. Group 2: Financial Projections - RBC Capital noted that Samsara's management guidance for Q4-2026 revenue is conservative, expecting between $421 million and $423 million, compared to a consensus of $419.2 million [3]. - The company is projected to achieve mid-20s growth in the upcoming year, supported by de-risked financial forecasts [1]. Group 3: Company Overview - Samsara Inc. develops cloud-based sensor systems that integrate plug-and-play sensors, internet connectivity, and cloud-based software, and was founded in 2015 in San Francisco [4].