Samsara price target raised to $32 from $27 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the firm’s price target on Samsara to $32 from $27 and keeps an Outperform rating on the shares. The company’s Beyond 23 event did a good job in highlighting the importance of the Connected Operations Cloud in driving efficiency, safety and sustainability, the analyst tells investors in a research note. The realization of those attributes and their rapid ROI also put the company in a good position for continued success, the firm added.