Samsara (NYSE:IOT) Stock, Quote.Headers.trade-ideas

Samsara

Income Opportunity Realty Trust

AMEX

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.

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Investors showed little enthusiasm for the August jobs report, as the slower-than-expected hiring numbers deepened worries about a softening labor market.

Stocks Tumble On Jobs Data, Nasdaq 100 Eyes Worst Week In 2 Years As Semiconductors Slump: What&#39;s Driving Markets Friday?

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Samsara stock is trading higher Friday after the company reported better-than-expected 2025 fiscal year second quarter financial results and raised its fiscal year guidance.

What&#39;s Going On With Samsara Stock Friday?

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Quanex Building Products Posts Better-Than-Expected Results, Joins Zumiez, Guidewire Software, Smartsheet And Other Big Stocks Moving Higher On Friday

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Shares of companies within the broader tech sector are trading higher amid a rebound. Also, the sector may be moving higher in sympathy with Dell Technologies and Palantir Technologies' inclusion in the S&P 500 index.

JP Morgan analyst Alexei Gogolev maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Neutral and raises the price target from $37 to $40.

Price Target

Analyst Ratings

JP Morgan Maintains Neutral on Samsara, Raises Price Target to $40

Investors showed little enthusiasm for the August jobs report, as the slower-than-expected hiring numbers deepened worries about <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40748557/job-creation-falls-short-of-expectations-in-august-unemployment-rate-ticks-lower-">a softening labor market.</a>
The U.S. economy added 142,000 nonfarm jobs in August, up from July's 89,000 but falling short of the projected 160,000. The unemployment rate edged down by 0.1% to 4.3%, in line with expectations, while wages saw stronger-than-anticipated growth, rising 0.4% month-over-month.
On Friday, markets shifted sharply into risk-off mode, with all major indices dropping over 1% by midday trading in New York. 
The CBOE Volatility Index (VIX) spiked over 17% to 23 points. The Nasdaq 100 led the decline, losing over 5% for the week, eyeing its worst performance since September 2022.
Semiconductors dragged down the tech-heavy index. The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) dropped nearly 5%, while Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell more than 4%. The chipmaker giant extended the weekly loss to 14%, on track for its steepest decline since October 2022.
Investors dumped equities and moved into cash as the U.S. dollar strengthened despite weaker-than-expected nonfarm payroll data.
In the bond market, short-term Treasury yields tumbled, bringing the yield curve back to a normal shape after two years of inversion. The two-year Treasury yield fell below the 10-year, signaling a shift in economic outlook.
Commodities took heavy losses across the board. Gold dropped 0.9%, silver plunged 3.1% and crude oil (WTI) slid 3%, reaching $66 per barrel, the lowest since May 2023.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also dropped, losing over 3%, as investors steered clear of crypto assets amid a broad-based decline in risk appetite.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,320.98</td>
<td>-1.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,406.64</td>
<td>-1.8%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,092.33</td>
<td>-2.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,424.39</td>
<td>-2.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 1.8% lower to $539.77.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 1.1% to $404.13.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) tumbled 2.7% to $448.38.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 2.2% to $207.31.</li>
<li>The Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, flat for the day, while the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 3%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) tumbled 9.9%, on track for its worst session since March 2020, following weaker-than-expected guidance.</li>
<li>Other stocks reacting to earnings included Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), up 13%, Guidewire Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>), up 11.8% and DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), up 3.9%. </li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) plummeted over 7% as JPMorgan downgraded the rating from Buy to Neutral and sharply lowered its price target from $950 to $500. </li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40741279/ai-tech-sector-is-not-in-a-bubble-but-diversification-out-of-magnificent-7-is-key-g">AI Tech Sector &#8216;Is Not In A Bubble,&#8217; But Diversification Out Of Magnificent 7 Is Key, Goldman Sachs Says</a></li>
</ul>
Photo created using artificial intelligence via Dall-E.

Stocks Tumble On Jobs Data, Nasdaq 100 Eyes Worst Week In 2 Years As Semiconductors Slump: What's Driving Markets Friday?

Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) stock is trading higher Friday after the company reported better-than-expected 2025 fiscal year second quarter financial results and raised its fiscal year <a href="https://www.benzinga.com/news/earnings/24/09/40741322/samsara-stock-jumps-on-q2-earnings-revenue-beat-eps-beat-arr-up-36-raised-guidance-and-more">guidance</a>.
What To Know: Samsara reported adjusted EPS of 5 cents, beating analysts estimate of 1 cent.
Revenue: Revenue grew 27% year over year to $300.20 million, beating analysts estimate of $289.54 million. 
ARR: The company ended the quarter with Annual Recurring Revenue of $1.264 billion, a 36% year-over-year growth.
Guidance: Samsara also issued guidance for the third quarter and raised its 2025 fiscal year guidance.
<ul>
<li>Q3: The company expects revenue between $309 million and $311 million and adjusted EPS from 3 to 4 cents.</li>
<li>FY25: Samsara raised its revenue guidance range and now sees revenues of $1.224 billion to $1.228 billion versus analyst estimates of $1.213 billion. The company now sees adjusted EPS between 16 cents and 18 cents versus analysts estimate of 13 cents. Previously, the company expected adjusted EPS of 13 cents to 15 cents.</li>
</ul>
Analyst Changes: Following the earnings report, multiple analysts <a href="https://www.benzinga.com/news/earnings/24/09/40749459/these-analysts-raise-their-forecasts-on-samsara-after-strong-q2-results">issued price target changes.</a>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40716772/broadcom-q3-earnings-preview-can-sustained-ai-order-momentum-help-company-with-hist">Broadcom Q3 Earnings Preview: Can &#8216;Sustained AI Order Momentum&#8217; Help Company With History Of Beating Estimates?</a>
IOT Price Action: Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) shares are moving 15.8% higher at $44.87, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Courtesy of Samsara

What's Going On With Samsara Stock Friday?

Loop Capital analyst Mark Schappel maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Buy and raises the price target from $42 to $46.

Loop Capital Maintains Buy on Samsara, Raises Price Target to $46

TD Cowen analyst J. Derrick Wood maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Buy and raises the price target from $45 to $46.

TD Cowen Maintains Buy on Samsara, Raises Price Target to $46

Truist Securities analyst Joel Fishbein maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Hold and raises the price target from $35 to $40.

Truist Securities Maintains Hold on Samsara, Raises Price Target to $40

U.S. stocks were mixed, with the Nasdaq Composite falling around 150 points on Friday.
Shares of Quanex Building Products Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NX#NYSE">NX</a>) rose sharply during Friday's session after the company reported better-than-expected third-quarter financial results and issued <a href="https://www.benzinga.com/quote/NX/earnings">FY24 guidance above estimates.</a>
Quanex Building Prods reported quarterly earnings of 73 cents per share which beat the analyst consensus estimate of 70 cents per share. The company reported quarterly sales of $280.300 million which beat the analyst consensus estimate of $278.457 million.
Quanex Building Products shares jumped 19.9% to $29.80 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Argan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) gained 28.4% to $91.64 after the company reported better-than-expected second-quarter financial results.</li>
<li>Travere Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVTX#NASDAQ">TVTX</a>) shares rose 15.3% to $11.45 after the company announced it that the FDA has granted full approval to FILSPARI to slow kidney function decline in adults with primary IgAN who are at risk of disease progression. Also, HC Wainwright &amp; Co maintained a Buy rating on the stock and raised its price target from $20 to $23.</li>
<li>Zumiez Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) rose 15.3% to $29.67 following quarterly results.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) gained 15% to $44.58 after the company reported better-than-expected quarterly financial results and raised its FY25 guidance.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) gained 14.6% to $1.6050.</li>
<li>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) rose 13.9% to $163.94 after the company reported better-than-expected quarterly financial results. Also, Oppenheimer and Baird maintained an Outperform rating on the stock and raised their respective price targets.</li>
<li>Bowlero Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) climbed 13.5% to $12.25 after the company reported better-than-expected fourth-quarter sales results and issued FY25 revenue guidance above estimates.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 9.7% to $1.4485.</li>
<li>Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) rose 9.6% to $54.11 following better-than-expected quarterly financial results. The company also raised its FY25 EPS outlook.</li>
<li>Brady Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) gained 6.8% to $76.75 after the company reported better-than-expected quarterly adjusted EPS results. Also, the company authorized an additional $100 million of shares for repurchase.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose 6% to $5.14 after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $5.30 to $8.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40748814/top-4-financials-stocks-that-may-crash-this-month">Top 4 Financials Stocks That May Crash This Month</a></li>
</ul>

Morgan Stanley analyst Keith Weiss maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Equal-Weight and raises the price target from $38 to $40.

Morgan Stanley Maintains Equal-Weight on Samsara, Raises Price Target to $40

Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) reported better-than-expected second-quarter financial results and raised its FY25 <a href="https://www.benzinga.com/news/earnings/24/09/40741322/samsara-stock-jumps-on-q2-earnings-revenue-beat-eps-beat-arr-up-36-raised-guidance-and-more">guidance on Thursday.</a>
Samsara reported quarterly earnings of 5 cents per share which beat the analyst consensus estimate of 1 cent per share. The company reported quarterly sales of $300.20 million which beat the analyst consensus estimate of $289.54 million.
"We achieved another strong quarter of durable and efficient growth at a greater scale. Q2 ended at $1.264 billion in ARR, growing 36% year-over-year, and at a quarterly record non-GAAP operating margin," said Sanjit Biswas, co-founder and CEO of Samsara.
Samsara sees third-quarter revenue in the range of $309 million to $311 million. The company anticipates third-quarter adjusted earnings of 3 to 4 cents per share.
Samsara also raised its fiscal year 2025 guidance. The company now expects full-year revenue of $1.224 billion to $1.228 billion versus estimates of $1.213 billion. The company now expects full-year adjusted earnings to be between 16 and 18 cents per share versus estimates of 13 cents per share.
Samsara shares gained 0.2% to close at $38.75 on Thursday.
These analysts made changes to their price targets on Samsara following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/667402fe3b8e5000016862f0/matt-bullock">B of A Securities analyst Matt Bullock</a> maintained Samsara with a Buy and raised the price target from $45 to $47.</li>
<li>BMO Capital analyst Daniel Jester maintained the stock with a Market Perform and raised the price target from $40 to $44.</li>
<li>Piper Sandler analyst James Fish maintained Samsara with a Neutral and raised the price target from $36 to $40.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b6cbc1b85e9300014425b2/kirk-materne">Evercore ISI Group analyst Kirk Materne</a> maintained the stock with an In-Line and raised the price target from $40 to $42.</li>
<li>RBC Capital analyst Matthew Hedberg maintained Samsara with an Outperform and boosted the price target from $47 to $49.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5bbbbc39211e200001970cde/michael-turrin">Wells Fargo analyst Michael Turrin </a>maintained the stock with an Overweight and raised the price target from $42 to $46.</li>
</ul>
Considering buying IOT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06091444/image-1-14-1024x520.png" alt="" class="wp-image-534531" style="width:654px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06091444/image-1-14-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06091444/image-1-14-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06091444/image-1-14-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06091444/image-1-14.png 1313w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Earnings

These Analysts Raise Their Forecasts On Samsara After Strong Q2 Results

Wells Fargo analyst Michael Turrin maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Overweight and raises the price target from $42 to $46.

Wells Fargo Maintains Overweight on Samsara, Raises Price Target to $46

RBC Capital analyst Matthew Hedberg maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Outperform and raises the price target from $47 to $49.

RBC Capital Maintains Outperform on Samsara, Raises Price Target to $49

Evercore ISI Group analyst Kirk Materne maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a In-Line and raises the price target from $40 to $42.

Evercore ISI Group Maintains In-Line on Samsara, Raises Price Target to $42

Piper Sandler analyst James Fish maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Neutral and raises the price target from $36 to $40.

Piper Sandler Maintains Neutral on Samsara, Raises Price Target to $40

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Needham cut the price target for Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) from $7 to $5. Needham analyst Ryan Koontz maintained a Buy rating. Planet Labs PBC shares closed at $2.48 on Thursday. <a href="https://www.benzinga.com/quote/PL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird slashed the price target for Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) from $15 to $13. Baird analyst Luke Junk maintained a Neutral rating. Methode Electronics shares gained 2.8% to close at $10.34 on Thursday. <a href="https://www.benzinga.com/quote/MEI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co raised Travere Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVTX#NASDAQ">TVTX</a>) price target from $20 to $23. HC Wainwright &amp; Co. analyst Ed Arce maintained a Buy rating. Travere Therapeutics shares fell 1.2% to close at $9.93 on Thursday. <a href="https://www.benzinga.com/quote/TCTX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) price target from $45 to $47. B of A Securities analyst Matt Bullock maintained a Buy rating. Samsara shares gained 0.2% to close at $38.75 on Thursday. S<a href="https://www.benzinga.com/quote/IOT/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted the price target for Hubbell Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBB#NYSE">HUBB</a>) from $431 to $441. Deutsche Bank analyst Nicole Deblase upgraded the stock from Hold to Buy. Hubbell shares fell 1.2% to close at $370.42 on Thursday. <a href="https://www.benzinga.com/quote/HUBB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs slashed Core &amp; Main, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) price target from $57 to $50. Goldman Sachs analyst Joe Ritchie maintained a Neutral rating. Core &amp; Main shares fell 3.6% to close at $38.00 on Thursday. <a href="https://www.benzinga.com/quote/CNM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital raised UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) price target from $14 to $15. BMO Capital analyst Keith Bachman maintained a Market Perform rating. UiPath shares rose 0.2% to close at $12.74 on Thursday. <a href="https://www.benzinga.com/quote/PATH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer increased the price target for Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) from $170 to $185. Oppenheimer analyst Ken Wong maintained an Outperform rating. Guidewire shares fell 2.1% to close at $143.93 on Thursday. <a href="https://www.benzinga.com/quote/GWRE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) price target from $15 to $11. Jefferies analyst Lloyd Byrne downgraded the stock from Buy to Hold. Bloom Energy shares fell 1.3% to close at $11.03 on Thursday. <a href="https://www.benzinga.com/quote/BE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan boosted NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) price target from $5.3 to $8. JP Morgan analyst Nick Lai upgraded the stock from Neutral to Overweight. NIO shares gained 14.4% to close at $4.85 on Thursday. <a href="https://www.benzinga.com/quote/NIO/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying Nio stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06081435/image-54-1024x502.png" alt="" class="wp-image-534306" style="width:698px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06081435/image-54-1024x502.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06081435/image-54-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06081435/image-54-768x376.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06081435/image-54.png 1367w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Pre-Market Outlook

HUBB

PATH

NIO To Rally Around 65%? Here Are 10 Top Analyst Forecasts For Friday

BMO Capital analyst Daniel Jester maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Market Perform and raises the price target from $40 to $44.

BMO Capital Maintains Market Perform on Samsara, Raises Price Target to $44

B of A Securities analyst Matt Bullock maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Buy and raises the price target from $45 to $47.

B of A Securities Maintains Buy on Samsara, Raises Price Target to $47

Samsara shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY25 guidance.

During Thursday&#8217;s trading session, major U.S. stock indices showed mixed results, driven by indications of a <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40728795/private-employment-grows-by-99-000-in-august-sharply-misses-forecasts-of-140-000-">slowing labor market</a>. The S&amp;P 500 closed down 0.3% at 5,503.41, while the Dow Jones Industrial Average dropped 0.5% to 40,755.75. In contrast, the Nasdaq finished 0.25% higher at 17,127.66.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)
Broadcom&#8217;s stock dipped by 0.84% to close at $152.82, with an intraday high and low of $156.36 and $150.11 respectively. The 52-week high and low stand at $185.16 and $79.54. The semiconductor giant reported <a href="https://www.benzinga.com/news/earnings/24/09/40741225/broadcom-q3-earnings-revenue-beat-eps-beat-continued-strength-in-ai-solutions-and-vmware-2024-ai-gu">strong third-quarter financial results</a>, showing continued strength in AI solutions and VMware.
UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>)
UiPath&#8217;s shares saw a slight increase of 0.16% to close at $12.74. The stock hit an intraday high and low of $12.8 and $12.44 respectively, with a 52-week range of $27.87 to $10.37. The company posted strong second-quarter results and announced a $500 million <a href="https://www.benzinga.com/news/earnings/24/09/40740923/uipath-reports-strong-q2-results-500m-share-repurchase-program-upbeat-guidance">share repurchase program</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40723060/jim-cramer-tries-to-quell-investor-fears-amid-nvidia-selloff-if-you-have-a-market-thats-been-dri?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Tries To Quell Investor Fears Amid Nvidia Selloff: &#8216;If You Have A Market That&#8217;s Been Driven By A Handful Of Stocks…&#8217;</a>
NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)
NIO&#8217;s shares surged by 14.39% to close at $4.85. The stock&#8217;s intraday high and low were $4.85 and $4.27, with a 52-week range of $10.91 to $3.61. NIO shares surged after strong second-quarter financial results, showing a 98.9% revenue growth year-over-year and improved gross margin. The company projects <a href="https://www.benzinga.com/news/24/09/40733121/why-nio-shares-are-trading-today">further growth in the third quarter</a> with increased vehicle deliveries and revenue.
Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>)
Samsara&#8217;s stock edged up by 0.23% to close at $38.75. The intraday high and low were $39.35 and $37.85, with a 52-week range of $42.49 to $21.48. The company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/09/40741322/samsara-stock-jumps-on-q2-earnings-revenue-beat-eps-beat-arr-up-36-raised-guidance-and-more">financial results</a> for the second quarter, causing the stock to jump.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares rose by 4.90% to close at $230.17. The stock&#8217;s intraday high and low were $235 and $222.25, with a 52-week range of $278.97 to $138.8. The electric vehicle maker&#8217;s shares saw movement today. Tesla <a href="https://www.benzinga.com/news/24/09/40716748/tesla-shares-are-trading-higher-today-whats-going-on">introduced a $3,000 winter tire package</a> for the Cybertruck, addressing performance concerns in snowy conditions as it ramps up production. This move targets colder climate customers as Tesla scales up its influence in the EV market.
Photo by WHYFRAME on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40681461/nancy-pelosis-stock-pick-broadcom-poised-for-breakout-after-recent-consolidation-she-never-loses?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nancy Pelosi&#8217;s Stock Pick Broadcom Poised For Breakout After Recent Consolidation: &#8216;She Never Loses,&#8217; Says Social-Media User</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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