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.