Samsara (NYSE:IOT) Shares Gap Up on Analyst Upgrade

Market Beat
2026.06.05 14:41
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Samsara (NYSE:IOT) shares gapped up after Wells Fargo raised its price target to $50, maintaining an overweight rating. The stock opened at $36.63 following a close of $35.21. Other analysts like BTIG and TD Cowen reaffirmed buy ratings, while Zacks downgraded to hold. Samsara reported strong Q1 FY2027 results beating estimates and raised guidance. Meanwhile, insiders CAO Benjamin Louis Kirchhoff and Adam Eltoukhy sold shares under Rule 10b5-1 plans. Major hedge funds including Baillie Gifford and Vanguard increased their stakes in the fourth quarter.