Truist initiated coverage of Samsara with a Hold rating and $20 price target. The market opportunity for the cloud-based provider of solutions for customers with physical operations is "sizable and growing," the analyst tells investors. However, given that Samsara is "one of the more expensive stocks in our coverage universe," and will likely remain unprofitable and free cash flow negative for the foreseeable future, the analyst "cannot justify putting new money to work at current prices."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on IOT: