logo
New Buy Rating for Samsara (IOT), the Technology Giant

New Buy Rating for Samsara (IOT), the Technology Giant

TD Cowen analyst Derrick Wood maintained a Buy rating on Samsara (IOT – Research Report) yesterday and set a price target of $51.00.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Wood is a 5-star analyst with an average return of 15.0% and a 62.40% success rate. Wood covers the Technology sector, focusing on stocks such as Oracle, ServiceNow, and Domo.
In addition to TD Cowen, Samsara also received a Buy from BMO Capital's Daniel Jester in a report issued yesterday. However, on the same day, Craig-Hallum assigned a Hold rating to Samsara (NYSE: IOT).
The company has a one-year high of $61.90 and a one-year low of $27.14. Currently, Samsara has an average volume of 4.43M.
Based on the recent corporate insider activity of 243 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IOT in relation to earlier this year. Most recently, in March 2025, Dominic Phillips, the EVP, CFO of IOT sold 54,134.00 shares for a total of $2,089,223.66.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Inhibikase Therapeutics files $300M mixed securities shelf
Inhibikase Therapeutics files $300M mixed securities shelf

Business Insider

time37 minutes ago

  • Business Insider

Inhibikase Therapeutics files $300M mixed securities shelf

17:08 EDT Inhibikase Therapeutics (IKT) files $300M mixed securities shelf Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Edible Garden files to sell 1.99M shares of common stock for holders
Edible Garden files to sell 1.99M shares of common stock for holders

Business Insider

time37 minutes ago

  • Business Insider

Edible Garden files to sell 1.99M shares of common stock for holders

17:08 EDT Edible Garden (EDBL) files to sell 1.99M shares of common stock for holders Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Meta Platforms (META) Reportedly Held Acquisition Talks with Perplexity AI
Meta Platforms (META) Reportedly Held Acquisition Talks with Perplexity AI

Business Insider

time37 minutes ago

  • Business Insider

Meta Platforms (META) Reportedly Held Acquisition Talks with Perplexity AI

Meta Platforms (META) reportedly held acquisition talks with Perplexity AI, an artificial intelligence search startup, before ultimately deciding to invest heavily in another AI company, Scale AI. According to Bloomberg, the discussions between Meta and Perplexity did not result in a deal, and both companies walked away without pursuing the acquisition. Neither Meta nor Perplexity have commented publicly on the matter. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Instead, Meta announced earlier this month that it would invest $14.3 billion in Scale AI, which allowed it to acquire a 49% stake in the company and value it at over $29 billion. As part of the deal, Scale's CEO Alexandr Wang will join Meta to lead its new 'superintelligence' division, which focuses on developing artificial general intelligence (AGI). For context, AGI refers to AI systems that can understand, learn, and apply knowledge across a wide range of tasks at a human-like level of intelligence. This move highlights Meta's shift toward building more advanced AI systems that go beyond narrow task-based models. Founded in 2016, Scale AI helps train generative AI models by connecting them with a large network of human experts. Meta's significant investment in the company shows that CEO Mark Zuckerberg is determined to strengthen the company's position in the AI market. And Zuckerberg is not the only one, as many other tech giants have invested heavily in AI startups ever since Microsoft's blockbuster deal with OpenAI in 2023. Is Meta a Buy, Sell, or Hold? Turning to Wall Street, analysts have a Strong Buy consensus rating on META stock based on 42 Buys, three Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average META price target of $707.16 per share implies that shares are almost fairly valued.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store