12 Best Cybersecurity Stocks to Buy and Hold for the Long Term

10. Samsara Inc. (NYSE:IOT)

EPS Growth for the Next 5 Years: 26.80%

On June 8, Piper Sandler raised its price target on Samsara Inc. (NYSE:IOT) to $40 from $39 while maintaining an Overweight rating on the shares. The firm noted that the company’s quarterly results and increased guidance largely met investor expectations, with favorable foreign exchange movements providing a modest benefit. Piper Sandler also observed that gross profit margins were slightly lower due to continued investments supporting the company’s long-term growth strategy.

On June 5, RBC Capital raised its price target on Samsara Inc. (NYSE:IOT) to $42 from $41 while reiterating an Outperform rating following the company’s first-quarter earnings beat. The firm highlighted Samsara’s 30% annualized recurring revenue growth, supported by broad-based business strength and continued momentum in acquiring and expanding relationships with large enterprise customers.

Founded in 2015 and headquartered in San Francisco, Samsara Inc. (NYSE:IOT) operates a Connected Operations Cloud that uses IoT sensors and AI to digitize physical operations like trucking and logistics. It is treated as a cybersecurity play because it actively protects and secures enterprise networks through strict cloud infrastructure compliance and enterprise-grade data security.

Samsara continues to demonstrate strong operating momentum through accelerating recurring revenue growth, expanding enterprise customer adoption, and disciplined investment in its platform. Combined with positive analyst sentiment and its AI-driven connected operations ecosystem, the company is well-positioned to capitalize on the growing demand for intelligent, secure, and cloud-based operational solutions.