Samsara price target raised to $27 from $20 at Truist

Truist analyst Junaid Siddiqui raised the firm’s price target on Samsara to $27 from $20 but keeps a Hold rating on the shares. The company’s Beyond 23 presentation provided additional detail regarding its total addressable market evolution and new solutions, the analyst tells investors in a research note. Truist remains impressed with the company’s pace of innovation and believes it is set up well to benefit from continued tailwinds of digitization of physical operations, the firm added, even though it remains at neutral on the stock while waiting for a “more attractive entry”.