Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Samsara IOT in the last three months.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 3 | 4 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $42.44, a high estimate of $47.00, and a low estimate of $38.00. Witnessing a positive shift, the current average has risen by 19.75% from the previous average price target of $35.44.
Interpreting Analyst Ratings: A Closer Look
A clear picture of Samsara's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kash Rangan | Goldman Sachs | Raises | Buy | $44.00 | $39.00 |
| J. Derrick Wood | TD Cowen | Raises | Outperform | $45.00 | $36.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $47.00 | $40.00 |
| Daniel Jester | BMO Capital | Raises | Market Perform | $40.00 | $35.00 |
| Kash Rangan | Goldman Sachs | Raises | Buy | $44.00 | $39.00 |
| Kirk Materne | Evercore ISI Group | Raises | In-Line | $41.00 | $33.00 |
| James Fish | Piper Sandler | Raises | Neutral | $41.00 | $33.00 |
| Joel Fishbein | Truist Securities | Raises | Hold | $38.00 | $30.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $42.00 | $34.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Samsara. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Samsara compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Samsara's stock. This examination reveals shifts in analysts' expectations over time.
For valuable insights into Samsara's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Samsara analyst ratings.
Get to Know Samsara Better
Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of its revenue from the United States.
Samsara: Delving into Financials
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Samsara's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 39.89% as of 31 October, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Samsara's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -19.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Samsara's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -4.83%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Samsara's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.74%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.11, Samsara adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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