Samsara Inc. recently announced that it has signed pre-approved Software Licensing Program contracts with the State of California, enabling all public sector entities statewide to adopt its Connected Operations Platform more efficiently.
This move not only provides Samsara with access to California’s broad public sector market, but also highlights accelerating adoption of digital tools in government operations.
We’ll explore how expanded statewide access to Samsara’s platform could influence the company’s growth narrative and sector positioning.
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To own Samsara stock, an investor needs to believe in the company’s ability to expand its Connected Operations Platform into large, slow-moving sectors and successfully turn AI-driven technology into ongoing revenue. The new California contract expands public sector reach and potentially shortens sales cycles in this market, but the biggest near-term catalyst, rapid ARR growth, still relies on execution across Samsara’s broader enterprise base. Risks tied to adoption speed and unpredictable sales cycles remain central, with the recent news not materially changing the short-term outlook.
A highly relevant recent announcement is First Student’s adoption of Samsara technology across 46,000 vehicles. This reinforces momentum in securing large-scale clients, a key catalyst supporting revenue growth projections, and signals continued traction in winning enterprise and public sector customers following the California deal.
By contrast, investors should be aware that while new contracts can accelerate access to large markets, adoption rates in government and construction segments can still prove slower than expected…
Read the full narrative on Samsara (it’s free!)
Samsara’s outlook anticipates $2.4 billion in revenue and $311.3 million in earnings by 2028. This projection assumes a 21.2% annual revenue growth rate and a $432 million increase in earnings from the current level of -$120.7 million.
Uncover how Samsara’s forecasts yield a $48.20 fair value, a 32% upside to its current price.
IOT Community Fair Values as at Oct 2025
Ten Simply Wall St Community member fair value estimates for Samsara range widely from US$13.51 to US$59.16 per share. These opinions reflect diverse confidence levels about Samsara’s ability to convert market access into predictable revenue, so consider reviewing several viewpoints before making your own judgment.
Explore 10 other fair value estimates on Samsara – why the stock might be worth as much as 62% more than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include IOT.
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