BMO Capital Lifts Samsara (IOT) PT to $54 Ahead of Q1 Earnings Report

On June 2, BMO Capital increased its price target for Samsara Inc. (NYSE:IOT) to $54 from $48, while maintaining an Outperform rating on the stock. This outlook comes as Samsara prepares to release its FQ1 2026 financial results on June 5. BMO Capital’s positive stance was initially reinforced in March after a post-FQ4 2025 pullback and is now rooted in the belief that the market’s reaction was an overcorrection.

BMO Capital Lifts Samsara PT to $54 Ahead of FQ1 2026 Earnings Report

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BMO Capital anticipates growth driven by the acquisition of new customers, expansion of existing client engagements, and deeper penetration of its product offerings. Samsara’s FQ4 2025 performance highlighted an Annual Recurring Revenue (ARR) of $1.46 billion, which was a 32% year-over-year increase. The company also saw a 36% increase in customers with over $100,000 in ARR, which reached 2,506, and a 44% increase in customers with over $1 million in ARR, which totaled 118.

FQ4 revenue was $346 million, which was up 25% and contributed to a full FY25 revenue of $1.25 billion. For FQ1 2026, Samsara’s revenue guidance is $350 to $352 million, which represents a 25% growth. For the full FY26, the company expects revenue between $1.523 and $1.533 billion, indicating 22% to 23% growth.

Samsara Inc. (NYSE:IOT) provides solutions to connect physical operations data to its connected operations platform in the US and internationally. It serves a range of industries from wholesale & retail trade to healthcare & education.

While we acknowledge the potential of IOT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IOT and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.