BMO Capital raised the firm’s price target on Samsara (IOT) to $44 from $40 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s momentum with enterprise customers continued with record $1M annual contract value deals in a quarter as relationships outside of telematics deepen, the analyst tells investors in a research note. The firm continues to see an attractive trajectory for estimates amid broader software worries, BMO added.
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