On September 14, Samsara, Inc. rose 5.39% in regular trading, trading near $40.44 per share, with turnover of approximately $80.53 million. The stock continued to rally on the back of its strong fiscal Q2 earnings report and a wave of analyst price target upgrades.

Samsara reported fiscal Q2 revenue of $508.4 million, up 30% year-over-year, beating consensus estimates by approximately 5%. Non-GAAP earnings per share came in at $0.20, surpassing the $0.16 estimate by 25% and up from $0.12 a year earlier. Annual recurring revenue surpassed $2.1 billion, with net new ARR of $134 million representing 28% year-over-year growth. Notably, million-dollar-plus ARR customers reached 210, with that cohort posting over 50% ARR growth for a third consecutive quarter. The company also raised its fiscal 2027 revenue guidance to $2.043–$2.047 billion, ahead of the prior $2.01 billion Street estimate.

Following the results, BofA Securities raised its price target to $55 from $47, while Truist Securities lifted its target to $48 from $38. Multiple analysts broadly boosted forecasts, with price targets ranging from $51 to $58.

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