We recently published an article titled 13 Best Internet of Things (IoT) Stocks to Buy Now. On February 17, Truist lowered its price target on Samsara Inc. (NYSE:IOT) to $30 from $39 while maintaining a Hold rating as part of a broader fourth-quarter preview within the security software space. The firm noted that the broader narrative surrounding artificial intelligence disruption is likely to dominate earnings season, as investors differentiate between companies positioned to benefit from AI and those at ...

Company Overview - Samsara Inc. is a San Francisco-based Internet of Things company focused on telematics and data-driven insights for physical operations, serving customers across North America and Europe [4] - Founded in 2015, the company benefits from secular demand for digitization, automation, and AI-enabled efficiency in industries such as logistics, construction, and fleet management, supporting a durable long-term growth outlook despite near-term volatility [4] Financial Performance - In the third quarter of fiscal 2026, Samsara reported annual recurring revenue of $1.75 billion, representing a 29% year-over-year growth [3] - The company added a record 219 customers generating more than $100,000 in annual recurring revenue [3] Market Sentiment - BNP Paribas upgraded Samsara to Outperform from Neutral while maintaining its $40 price target, citing a more attractive risk/reward profile following a "tough year" for the stock [1] - The upgrade reflects growing confidence that recent share price pressure has better aligned valuation with the company's long-term fundamentals, setting the stage for improved performance as execution stabilizes [1] Product Innovation - Product innovation remains a key driver for Samsara, with new AI-powered coaching tools and the AI Multicam solution gaining traction by improving safety outcomes and deepening customer engagement across its platform [3]