Samsara Inc (NYSE:IOT) posted better-than-expected earnings results for the fourth quarter on Thursday.

Samsara reported revenue of $444.30 million versus estimates of $422.26 million, and adjusted earnings per share of 18 cents versus estimates of 13 cents.

"Our performance is driven by the scale of our data asset, which now captures more than 25 trillion data points annually to fuel our AI-powered platform," said Sanjit Biswas, co-founder and CEO of Samsara.

Samsara said it expects first-quarter revenue to be in the range of $454 million to $456 million versus estimates of $443.99 million. The company anticipates adjusted earnings per share of 12 cents to 13 cents versus estimates of 12 cents.

Samsara also issued fiscal 2027 revenue guidance of approximately $1.97 billion to $1.98 billion versus estimates of $1.92 billion, and adjusted earnings per share guidance of 65 cents to 69 cents versus estimates of 59 cents.

Samsara shares jumped 19.5% to close at $35.36 on Friday.

These analysts made changes to their price targets on Samsara following earnings announcement.

• BTIG analyst Nick Altmann maintained Samsara with a Buy and lowered the price target from $55 to $45.
• Keybanc analyst Jason Celino maintained the stock with an Overweight rating and boosted the price target from $40 to $41.
• Piper Sandler analyst James Fish reiterated Samsara with an Overweight rating and raised the price target from $37 to $39.
• Wells Fargo analyst Michael Turrin maintained the stock with an Overweight rating and raised the price target from $43 to $46.
• RBC Capital analyst Matthew Hedberg maintained Samsara with an Outperform rating and raised the price target from $35 to $41.
• BMO Capital analyst Daniel Jester maintained the stock with an Outperform rating and boosted the price target from $40 to $44.

Considering buying IOT stock? Here’s what analysts think:

Photo via Shutterstock