Samsara's Momentum in Emerging Products to Continue Into Fiscal 2027, RBC Capital Markets Says
MT Newswires Live
12 hours ago
Samsara's (IOT) momentum in large clients and emerging products is expected to remain a tailwind into fiscal 2027, RBC Capital Markets said in a Friday research report.
The company is driving digitalization across client assets, and its efforts to automate workflows using artificial intelligence agents will help ramp agent adoption, analysts wrote.
The brokerage said Samsara's initial fiscal 2027 guidance appears conservative and sees upside likely throughout the year.
RBC said it maintained its outperform rating on the stock and raised its price target to $41 per share from $35.
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