Wolfe Research Raises Samsara Target to $45, Maintains Outperform

Wolfe Research bumped its price target on Samsara (NYSE: IOT) to $45 from $41 in early June, keeping its Outperform rating in place. The update came after the stock fell roughly 12% following its Q1 FY2026 earnings report.

An executive in a suit checking a bank of computers symbolizing the technology of the financial services industry.

The firm still backs the company’s position, calling it a strong player in a fragmented market. They noted that Samsara’s full-year guidance was cautious but viewed it as a smart move given the current macro environment.

Wolfe values the stock at around 13.5 times projected revenue for 2026, a premium to peers in the high-growth category, but one they see justified. The analysts pointed to solid execution in the first quarter as a reason to stay optimistic.

While we acknowledge the potential of IOT as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None.