TD Cowen analyst Derrick Wood raised the firm’s price target on Samsara (IOT) to $55 from $49 and keeps a Buy rating on the shares. The firm said they reported a strong quarter which showed impressive momentum with lots of new growth being unlocked and taking hold. Cowen continues to see strong beat & raise motions ahead amidst steady execution and said the company remains a top software executor.
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Read More on IOT:
- Samsara’s Growth and Valuation Balance: A Hold Rating Amid Strong Performance and Fair Valuation
- Samsara price target raised to $55 from $53 at BofA
- Samsara price target raised to $50 from $47 at BMO Capital
- Samsara price target raised to $49 from $48 at Piper Sandler
- Samsara’s Strong Financial Performance and Growth Potential Justifies Buy Rating