BofA ups Samsara target, says shares ‘could get squeezy’

BofA raised the firm’s price target on Samsara to $45 from $42 and keeps a Buy rating on the shares. The stock’s premium “has been painstakingly earned over 10+ quarters of execution,” the analyst tells investors in a research note. The firm says that while expectations are high into the print, recent checks on Samsara’s new product launches make it increasingly comfortable with medium-term estimates heading into the September 5 report. BofA believes the stock “could get squeezy” following strong Q2 results with the short interest up 29% since the June analyst day.