TD Cowen Rates Samsara (IOT) buy, $45 Price Target

TD Cowen analyst Derrick Wood reaffirmed his confidence in Samsara Inc. (NYSE: IOT) on June 25, 2026. The firm reiterated a Buy rating on the software infrastructure provider and set a price target of $45.00. This target sits well above the recent trading price, which was $31.14 on Thursday. The analyst's move comes as the company continues to scale its operations connecting physical assets to digital data platforms.

Samsara Stock Performance and Market Position

Samsara shares have shown significant movement recently, trading between a 52-week low of $23.38 and a 52-week high of $47.47. The current price of $31.14 is below its 50-day moving average of $38.61 but remains relatively close to its 200-day moving average of $33.80. With a market value of roughly $22.28 billion, the stock is priced at about 40 times its forward earnings estimates. The company's beta of 1.34 suggests the stock tends to be more volatile than the broader market.

Recent Earnings Growth and Financials

In its most recent financial reporting, Samsara showed it is growing quickly, with revenue hitting $1.85 billion. That is a 29.9% increase over the previous period. The company has also turned a corner into profitability, reporting a net margin of 4.9% and a return on equity of 6.43%. Investors are looking toward the next earnings report, which is expected on December 3, 2026, to see if the company can sustain this level of expansion.

Insider Buying and Selling at Samsara Inc.

Several top executives at Samsara recently sold shares, though the trades were part of pre-arranged plans. On October 15, 2026, Chief Executive Officer Sanjit Biswas sold 65,402 shares at an average price of $42.27, a transaction valued at approximately $2.76 million. On that same day, Chief Technology Officer John Bicket also sold 65,209 shares at an average price of $42.27, totaling about $2.76 million. Both sales were executed under Rule 10b5-1 trading plans, which allow insiders to sell a predetermined number of shares at set times to avoid concerns about trading on non-public information.

Analysts Set New Price Targets

TD Cowen is not alone in its positive outlook for the company. On October 5, 2026, Jefferies initiated coverage with a Buy rating and a $50.00 price target. Earlier, on September 15, 2026, Cantor Fitzgerald started coverage with an Overweight rating and a $45.00 target. Several other firms raised their expectations in early September; BNP Paribas maintained an Outperform rating while raising its target from $40.00 to $55.00, and B of A Securities kept its Buy rating while lifting its target to $55.00. Other firms like JP Morgan and Morgan Stanley have maintained neutral stances with targets of $52.00 and $49.00, respectively. Currently, 23 analysts cover the stock with a consensus recommendation of buy.

About Samsara Inc.

Samsara provides a platform that helps businesses track and manage physical operations. Its technology uses Internet of Things (IoT) devices to collect data from vehicle fleets, construction sites, and manufacturing plants. This data helps managers improve safety, track fuel costs, and monitor equipment maintenance in real-time. The San Francisco-based company serves a variety of fields, including logistics, energy, and government agencies.

What's Ahead for Samsara Inc.

Investors should keep an eye on the upcoming December earnings announcement to see if Samsara can continue to improve its profit margins while maintaining its high revenue growth. While the recent insider sales and analyst target changes provide context, they are backward-looking and may not reflect the current market environment. The company's ability to manage its debt-to-equity ratio of 4.34 while scaling its infrastructure platform will be a key factor for its long-term valuation.