What to Expect From Samsara’s Upcoming Q1 Earnings?
<p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/IOT'>Samsara (NYSE:IOT)</a> ahead of the upcoming Q1 earnings, scheduled to be released on Friday.</p>
<p>The analysts expect a slight upside to Q1/24 results and guidance following a favorable Q4/23 including a strong pipeline and building renewal base to enter the year. The analysts said they will be focused on ARR vs. consensus at $839 million, up 38%, and commentary around the macro and fiscal 2024 guidance, which the analysts think has an opportunity to work higher through the year on a stable to improving environment. </p>
<p>Overall, the analysts remain positive on the long-term tailwinds around digitizing physical operations and maintained their Outperform rating, increasing their price target on the stock to $24 from $21.</p>

NYSE:IOT