Goldman Sachs Initiates Coverage of Samsara Inc. (IOT) with a Buy Rating and a $36 Price Target

SelfRugger

2026-02-23 01:38:20

Goldman Sachs Initiates Coverage of Samsara Inc. (IOT) with a Buy Rating and a $36 Price Target

Jeff Lewis

Sun, February 22, 2026 at 12:40 AM GMT+9 2 min read

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IOT

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Samsara Inc. (NYSE:IOT) is among the 10 Best Consensus Buy-Rated Stocks to Invest in. On February 11, 2026, Goldman Sachs analyst Matthew Martino initiated coverage of Samsara Inc. (NYSE:IOT) with a Buy rating and a $36 price target, calling it one of the “most defensible growth assets in software today.” The firm said Samsara is digitizing physical operations by pairing edge hardware with a cloud platform that converts operational data into actionable insights and added that the stock deserves a premium valuation.

That same day, RBC Capital lowered its price target on Samsara Inc. (NYSE:IOT) to $35 from $46 previously but still maintained an Outperform rating as part of a broader Q4 software preview. The firm cited negative investor sentiment toward software and said it prefers companies with a clearer path to AI monetization and consolidation across cyber, data and infrastructure, and vertical SaaS. RBC also updated its price target models to reflect significant year-to-date multiple compression.

On February 6, 2026, Piper Sandler reduced its price target to on Samsara Inc. (NYSE:IOT) $37 from $49 previously and kept an Overweight rating, saying that despite muted sentiment in software, the stock could respond favorably to earnings given current upside levels, operational budget stickiness, and what it described as already “de-risked” FY27 numbers that could support mid-20s growth.

Goldman Sachs Initiates Coverage of Samsara Inc. (IOT) with a Buy Rating and a $36 Price Target

Samsara Inc. (NYSE:IOT) provides a platform that connects and analyzes physical operations data, combining IoT devices with cloud-based software that integrates AI, workflows, analytics, alerts, APIs, and data security capabilities.

While we acknowledge the potential of IOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Most Profitable Undervalued Stocks to Buy and 11 Best Mining Stocks to Buy According to Wall Street.

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