BofA Raises PT on Samsara Inc. (IOT) to $47 Amid Strong Fundamentals

Samsara Inc. (NYSE:IOT) is one of the 10 best low-priced AI stocks to buy now.

Trading under $50 and boasting strong analyst and hedge fund interest, Samsara Inc. (NYSE:IOT) secures a spot on our list of the 10 best low-priced AI stocks to buy now.

On March 4, 2026, BofA noted that the company’s strong fundamentals remain a source of confidence. Accordingly, the firm sees the company as one of the highest-quality growth software stocks. Therefore, BofA raised its price target on Samsara Inc. (NYSE:IOT) to $47 from $45, while reiterating a Buy rating.

Earlier, on February 27, 2026, KeyBanc dropped its price target from $55 to $40 while maintaining its Overweight rating. The firm noted a decline in software equities, but it is nevertheless optimistic about its Q4 performance and preliminary FY27 projections. It emphasizes the potential upside of cross-selling new products and greenfield opportunities, which could support growth of at least 20%.

A day earlier, Samsara Inc. (NYSE:IOT) unveiled its Asset Tag and Asset Tag XS, enhancing real-time asset tracking for fleet and operations management. These devices offer AI-driven theft and loss prevention features and are integrated with the expanded Samsara Network and Hubble's 90 million smartphone network.

The standard Asset Tag has a six-year battery life, while the XS has a three-year battery life. Without tracking, organizations lose more than $13 million per year, with 70% of losses coming from small assets.

Samsara Inc. (NYSE:IOT) is a company based in San Francisco, California. Founded in 2015 by John Bicket and Sanjit Biswas, Samsara creates plug-and-play and internet-connected sensors with cloud-based software.

While we acknowledge the potential of IOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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