Samsara price target raised to $38 from $30 at Truist

Truist raised the firm’s price target on Samsara to $38 from $30 and keeps a Hold rating on the shares. The company delivered strong execution in its Q4 with upside to the firm’s and Street expectations for annual recurring revenue, ARR – its key performance metric, the analyst tells investors in a research note. Truist is “impressed” by Samsara’s strong performance, which reaffirms its belief in the long term setup for durable growth and margin expansion, the firm added.