Samsara's Higher Fiscal 2027 Guidance 'Somewhat Conservative,' RBC Says

MT Newswires Live06-05 23:23

Samsara's (IOT) higher guidance for fiscal 2027 still looks "somewhat conservative," RBC Capital Markets analysts said in a Friday note to clients.

Analysts said the company's Operational AI products have several potential use cases and could become a contributor to its numbers on scaled adoption.

RBC said the company "delivered a good start to the year," highlighted by continued large customer momentum in Q1 and an increase in annual recurring revenue, or ARR, and revenue that topped analyst expectations.

Analysts said the company is likely to benefit from "bullish" technology trends around increasing digitization across industries that depend on physical operations.

RBC retained an outperform rating on the stock and increased its price target to $42 from $41.

Price: 35.67, Change: +0.46, Percent Change: +1.31

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment