Samsara price target raised to $21 from $18 at TD Cowen

TD Cowen analyst J. Derrick Wood raised the firm’s price target on Samsara to $21 from $18 and keeps an Outperform rating on the shares. The analyst said with a strong value proposition that carries hard ROI savings for managing physical assets, and given it sells into operating budgets versus. enterprise IT budgets that can be more discretionary, IOT is proving good growth stability and guide continues to feel de-risked.