Samsara Inc. (NYSE:IOT) is one of the best growth stocks to buy now. On October 1, Evercore ISI analyst Kirk Materne upgraded Samsara to Outperform from In Line with a price target of $50, up from $45. Evercore ISI believes that Samsara has a positive long-term future, citing its ability to exceed and raise financial expectations.
In the past month, Samsara reported its FQ2 2026 financial results, where the company’s ARR reached $1.6 billion, which was a 30% year-over-year increase. Customers with ARR of $100,000-plus accounted for 59% of the entire ARR.
Samsara also added a record 17 new customers with $1 million-plus ARR, which generated over 20% (~$350 million) of total ARR. The company’s Q2 revenue was $391 million, up 30% year-over-year. For Q3, Samsara expects revenue between $398 and $400 million, reflecting 24% growth.
Samsara Inc. provides solutions to connect physical operations data to its connected operations platform in the US and internationally.
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This article is originally published at Insider Monkey.
