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Samsara

🌐🔍 Samsara (IOT) Analysis 📈💼Market Overview: Samsara NYSE:IOT is at the forefront of harnessing artificial intelligence (AI) to revolutionize its business operations. Through the utilization of cloud-based data analysis, Samsara efficiently processes vast amounts of sensor data, positioning itself to capitalize on the bullish trend in AI and offering promising opportunities for investors. Notable Success: One notable success story is Samsara's collaboration with JJX Logistics, resulting in a remarkable 17% reduction in fleet emissions. This partnership underscores Samsara's capability to deliver tangible benefits to prominent players in the logistics industry, showcasing the power of AI-driven solutions. Customer Base Expansion: Samsara's customer base is rapidly expanding, with a record number of customers generating over $100,000 in annual recurring revenue (ARR). The company recently secured its largest-ever deal with USIC, further solidifying its market presence. Additionally, Samsara's global footprint is expanding, with a significant portion of revenue derived from non-U.S. markets. Expansion Plans: To support its continued growth, Samsara plans to aggressively hire new talent, particularly in sales and marketing roles. The company is focusing its expansion efforts on regions such as Mexico, Canada, and Western Europe, aiming to further penetrate these markets. Investment Outlook: Bullish Stance: A bullish outlook on IOT is justified, especially above the $33.00-$34.00 threshold. Upside Target: With an upside target set at $51.00-$52.00, Samsara is well-positioned to capitalize on the increasing demand for AI-driven solutions across industries. 📈💼 Keep a close eye on Samsara's performance for investment opportunities! #IOT #AI #Samsara 🌐🔍
NYSE:IOTLong
by Richtv_official
IOT: Next true market leader? Company possess good internal qualities to qualify for TML (true market leader) characteristics and to be among performing stocks in new bull market (if we see one in coming year(s)). Among these qualities are: 1. Increasing triple digit earnings growth last two quarters in a row; 2. Consistent double digit sales growth 4 qrt in a row; 3. Analyst covering the coming are expecting it to become profitable from 2024, thus good rising eps targets; 4. Number of institutional sponsorship is increasing 4 qrt in a row; 5. Management owns 5% of the company; 6. Company is in top group and sector (IBD ranking). Chart is also showing signs of institutional accumulation is under the hood with strong weekly closes on volume pick up. Structurally speaking, we may see first impulsive wave structure - waves (1)-(5) - with double bottom corrective structure - wave (2) - are in place. In this structure holds true, price needs to stay above local Jan low and move confidently to next mid-term resistance zone of 41-48. Clearing 48 border will open the door for the path of least resistance towards next macro targets: 78-108, 130-176 and 213-290 areas. Wishing you profitable 2024 and thank you for your attention!
NYSE:IOTLong
by artemfedorov
🌐💻 Samsara (IOT) Posts Profit in IoT Sector 📈Samsara, operating in the "Internet of Things" (IoT) sector, has reported a notable financial turnaround, posting a profit of $3.9 million. This marks a substantial improvement from the $18.7 million loss reported in the previous year. Key highlights of Samsara's performance include: Financial Highlights: Profit Reversal: Samsara has rebounded from a loss of $18.7 million in the previous year to a profit of $3.9 million. Data Platform: The company's platform gathers over 6 trillion data points annually, showcasing the extensive scale of its IoT data collection. Investor Sentiment and Outlook: Investors have responded with optimism to Samsara's improved financial performance and its position in the IoT sector. The bullish outlook sets a support range at $29.00-$30.00, indicating a level where buyers may provide support. Upside targets are set at $50.00-$52.00, reflecting positive expectations for the company's stock.
NYSE:IOTLong
by Richtv_official
IOT possible Long ideaWhile market was overreacting from the Fitch downgrade of the USA, traders did what they do best, they traded and analyzed. After a short holiday, I am back with monitoring markets and checking for some nice profit making possibilities. Therefore, I found a good play in making, Samsara Inc., ticker IOT. Things to consider when looking into this new tech stock are: 1. There is a Cup and Handle formation in forming, the pattern is far from done and it will need some time to be completed, so I will wait and monitor closely the price action. 2. There is a huge Double Bottom pattern in making as well, which needs to broke levels between $28.78 and $30.82 price range to be considered a valid break of the pattern. 3. My guess is that the price will fall from this level, up to the smaller support level sitting at around $21.69 to $22.58 price range. If it falls to that price level the Cup pattern will get it's Handle and this will be my first buy point. I will test this price range with 20-30% of planned buying. 4. If I am wrong and price continues to drop from that level, my Stop Loss will be sitting at $20 round. I will sell everything at this price range. 5. If by some chance we don't get Handle formation but we got the break of the Double Bottom pattern instead, I will be entering my trade at around $29.75 as my first buying opportunity. 6. My Stop Loss will be set at 8% range from the entry price, sitting at around $27.2 price level. Please be aware that this is on Weekly level and it will surely take some time for everything to be done as analyzed. Of course, as always, please do your own due diligence before investing your hard earned cash.
NYSE:IOTLong
by De_Banis