Samsara Stock at Critical Support—What the Charts Are Telling Us

As 2026 kicks off, Samsara Inc (NYSE: IOT) finds itself testing a price level that’s becoming increasingly significant for traders and investors. The IoT technology stock has retreated toward the $32 zone once again—a price point that has now served as a decisive turning point multiple times over the past year.

The Three-Time Test

The pattern taking shape here is textbook technical analysis. Back in April, the stock bounced sharply from $32. A second test arrived in August, producing similar results. Now, as the new year unfolds, buyers and sellers are squaring off at this same threshold for a third time. History suggests the bulls might have the advantage: each previous bounce from this level has generated rallies approaching 55% within weeks.

What makes the triple bottom pattern so compelling is what it signals. When a stock tests the same support level three separate times without breaking through, it’s sending a message that real demand exists at those prices. The bears have had their chances, and the floor has held firm each time. However, past performance isn’t guaranteed, and this third test carries its own uncertainty.

Technical Signals Are Stacking Up

The broader technical picture is becoming increasingly favorable for a rebound. Samsara’s relative strength index (RSI) has dipped into extremely oversold territory, a red flag that the selling has become stretched. When oversold conditions overlap with a well-established support level like $32, the risk-reward setup becomes noteworthy.

The recent earnings report sparked a brief rally attempt, but the stock failed to sustain those gains and rolled back downward. Despite this weakness, the buying interest that keeps reappearing at the $32 zone suggests institutional or smart-money accumulation is underway.

Analyst Conviction Remains Strong

Wall Street’s perspective hasn’t shifted dramatically despite the recent slide. RBC Capital recently reaffirmed its Outperform stance with a $46 price target, indicating approximately 40% upside potential from current levels. Even more aggressive is BTIG Research, which maintains a Buy rating and targets $55 per share—representing over 60% upside from here.

The bull case centers on Samsara’s end-to-end fleet management platform, which taps into a massive market still dominated by outdated, manual processes. Beyond the core small and mid-market customer base, momentum is building around enterprise adoption, where higher spending and multi-product expansion typically translate into stronger revenue growth.

What’s Next?

The risk here is real—the triple bottom pattern requires confirmation at the $32 support zone. A break below would invalidate the technical setup and suggest further downside. Growth stocks like Samsara also carry inherent volatility, meaning bounces aren’t always smooth or straightforward.

That said, the current alignment is noteworthy. Support is clearly defined, downside appears limited, and the upside target range of $46 to $55 is hard to dismiss. If this level holds firm through the next week or two, the stage could be set for a decisive move higher as Q1 progresses.