Samsara Inc (IOT) PT Raised to $40 at BMO Capital

BMO Capital analyst Daniel Jester raised the price target on Samsara Inc (NYSE: IOT) to $40.00 (from $35.00) while maintaining a Market Perform rating.

The analsyt commented, "Samsara posted a stronger-than-expected quarter with accelerating net new ACV growth driven by ongoing momentum in enterprise. The company highlighted strength in the core with both telematics and vehicle safety ARR growth accelerating, along with positive datapoints on international and new products. We remain positive on the opportunity, lift our estimates and target price but maintain our rating as we gauge the conservationism of the year ahead guide."

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