Samsara falls after Berenberg cuts PT on conservative annual forecast

Samsara (Pre-Reincorporation)

18/03/2025 16:08

** Shares of software company Samsara IOT.N fall 3.7% to  $37.54

** Brokerage Berenberg cuts PT to $36.80 from $57, reiterates "hold" rating

** Samsara issued conservative forecast for FY26 - brokerage

** "While we believe that the guidance is cautious, it is also appropriate given the macroeconomic uncertainties in the U.S., Samsara's primary market" - Berenberg

** Expansion in customer value generation supports view that Samsara, with its extensive product portfolio, is successfully realising the cross- and up-selling opportunities available to it - brokerage

** Eleven of 19 brokerages rate the stock "buy" or higher, eight "hold"; their median PT is $50, according to data compiled by LSEG

** Up to Monday's close, stock down more than 11% YTD

 (Reporting by Juby Babu in Mexico City)

 ((Juby.Babu@thomsonreuters.com;))