Samsara shares surge 5.05% intraday after Q2 earnings beat and expanded AI tools boost growth expectations.

Samsara Inc. (IOT) rose 5.05% intraday following a strong Q2 earnings report and strategic product expansion. The company exceeded revenue and profit expectations, reported 30% revenue growth, and raised its annual guidance, signaling robust operational performance. Analysts upgraded the stock, with Morgan Stanley and Piper Sandler raising price targets to $53 and $48, respectively, citing improved margins and AI-driven product adoption. Institutional buying also accelerated, as major investors like Baillie Gifford and BlackRock added 14 million shares collectively. These factors reinforced confidence in Samsara’s ability to leverage AI for IoT logistics solutions. Conversely, a partnership between unrelated entity Samsara Eco and the European Outdoor Group (Reason 3) had no material impact on IOT’s price movement.