Samsara (NYSE:IOT) Earnings Drive Analysts to Increase Price Targets
Analysts Raise Price Targets After Strong Q2 Results
Samsara (NYSE:IOT) reported impressive second-quarter earnings, leading to upward revisions of analysts' forecasts for the stock. The company is expecting adjusted earnings for Q3 to fall between 3 to 4 cents per share, showcasing a solid performance.
Fiscal Year 2025 Guidance Upgraded
On top of this, Samsara has raised its guidance for the fiscal year 2025. The company now anticipates a full-year revenue between $1.224 billion to …
- Analysts bullish on the stock
- Improved performance metrics
- Investor confidence on the rise
Investor Implications
With these developments, investors are looking at Samsara (NYSE:IOT) with renewed interest. The raised price targets and positive earnings outlook suggest strong potential for future growth.
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