Samsara price target raised to $31 from $26 at TD Cowen

TD Cowen analyst J. Derrick Wood raised the firm’s price target on Samsara to $31 from $26 and keeps an Outperform rating on the shares. The firm attended its Analyst Day where the company launched two new products that should expand touchpoints with new kinds of users in the base. Samsara continues to be well insulated from macro pressures given the stability of operations budgets and hard-dollar short payback.