Samsara falls after Berenberg cuts PT on conservative annual forecast
ReutersMar 18, 2025 4:08 PM
Shares of software company Samsara IOT.N fall 3.7% to $37.54
Brokerage Berenberg cuts PT to $36.80 from $57, reiterates "hold" rating
Samsara issued conservative forecast for FY26 - brokerage
"While we believe that the guidance is cautious, it is also appropriate given the macroeconomic uncertainties in the U.S., Samsara's primary market" - Berenberg
Expansion in customer value generation supports view that Samsara, with its extensive product portfolio, is successfully realising the cross- and up-selling opportunities available to it - brokerage
Eleven of 19 brokerages rate the stock "buy" or higher, eight "hold"; their median PT is $50, according to data compiled by LSEG
Up to Monday's close, stock down more than 11% YTD
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