We recently published an article titled 13 High Growth Cloud Stocks to Buy.
On January 15, BNP Paribas upgraded Samsara Inc. (NYSE:IOT) to Outperform from Neutral while maintaining its $40 price target, citing a more attractive risk/reward profile following what the firm described as a “tough year” for the stock. The upgrade reflects growing confidence that recent share price pressure has better aligned valuation with the company’s long-term fundamentals, setting the stage for improved performance as execution stabilizes.
The company delivered a strong third quarter of fiscal 2026; Samsara Inc. (NYSE:IOT) reported annual recurring revenue of $1.75 billion, representing 29% year-over-year growth, and added a record 219 customers generating more than $100,000 in ARR. Product innovation remains a key driver, with new AI-powered coaching tools and the AI Multicam solution gaining traction by improving safety outcomes and deepening customer engagement across its platform.
Samsara Inc. (NYSE:IOT) is a San Francisco–based Internet of Things company focused on telematics and data-driven insights for physical operations, serving customers across North America and Europe. Founded in 2015, the company continues to benefit from secular demand for digitization, automation, and AI-enabled efficiency in industries such as logistics, construction, and fleet management, supporting a durable long-term growth outlook despite near-term volatility.
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.
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