What 10 Analyst Ratings Have To Say About Samsara
Portfolio Pulse from Benzinga Insights
Samsara (NYSE:IOT) has received 10 analyst ratings in the last quarter, with an average price target of $32.6, which is below its current price of $34.6568, suggesting a downside. The ratings include 2 bullish, 4 somewhat bullish, and 4 indifferent, with no bearish ratings. The average price target has increased by 10.51% over the past month. Analyst ratings are based on future earnings predictions and company risk assessments, and are updated quarterly or after major company events.
December 04, 2023 | 3:01 pm
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Samsara has an average analyst price target of $32.6, which is below its current price, suggesting a potential downside according to analysts. The target has risen by 10.51% in the past month.
The average price target being below the current stock price typically indicates that analysts expect the stock to fall, which could influence short-term price movement negatively. The recent increase in the target price suggests improved sentiment, but the overall expectation remains that the stock is overvalued at its current price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100