BMO Capital Markets Forecasts Growth for Samsara Stock

BMO Capital Markets raised its price target on IOT from $40 to $44 on March 6, maintaining an "outperform" rating on the connected operations platform company . The revised target follows Samsara's release of fiscal year 2027 earnings guidance, which signaled continued momentum in the company's IoT-based fleet management and industrial operations business.

Samsara has been on a volatile ride with analyst sentiment in early 2026. BMO previously cut its price target from $50 to $40 in late February before lifting it again to $44, reflecting the rapid shifts in growth expectations for software companies amid the broader macro uncertainty. The company's connected operations cloud platform serves over 50,000 customers across transportation, logistics, and industrial sectors, providing real-time visibility into fleet, equipment, and site operations through IoT sensors and AI-powered analytics.

For investors, BMO's reiterated outperform rating suggests the firm sees Samsara's growth trajectory as intact despite near-term headwinds. Key metrics to watch include net revenue retention rates, large-customer adoption trends, and the company's ability to expand its platform beyond fleet management into broader industrial use cases. The stock's path will likely hinge on whether Samsara can deliver on its FY2027 guidance amid a challenging macro environment.