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Samsara initiated with a Buy at Goldman Sachs

Goldman Sachs analyst Matthew Martino initiated coverage of Samsara (IOT) with a Buy rating and $36 price target The firm views Samsara as one of the “most defensible growth assets in software today.” The company is digitizing physical operations by combining edge hardware with a cloud platform that turns data into action, the analyst tells investors in a research note. Goldman says the stock warrants a premium valuation.

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