Mentioned in this article
Wall Street is positive on Samsara Inc (IOT). On average, analysts give the stock a Strong Buy rating. The average price target is $29.454, which means analysts expect the stock to gain by 9.21% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 44, which is better than 44% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company’s financial statements are a significant factor weighted by experts when analyzing a company’s health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What’s Happening With Samsara Inc Stock Today?
Samsara Inc (IOT) stock is trading at $26.97 as of 12:07 PM on Monday, Nov 20, a rise of $0.09, or 0.33% from the previous closing price of $26.88. The stock has traded between $26.62 and $27.36 so far today. Volume today is less active than usual. So far 544,724 shares have traded compared to average volume of 2,243,189 shares.