Evercore upgrades Samsara to Outperform on constructive multi-year outlook

As previously reported, Evercore ISI analyst Kirk Materne upgraded Samsara (IOT) to Outperform from In Line with a price target of $50, up from $45. The firm cites a “constructive multi-year outlook,” driven by expanding product breadth across underpenetrated core markets and what it calls “a proven beat-and-raise execution framework.” The firm also views the current valuation as “attractive,” the analyst tells investors.