Samsara price target raised to $40 from $38 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Samsara to $40 from $38 and keeps an Equal Weight rating on the shares. While calling Q2 results “another proof point of IOT‘s ability to sustain durable growth,” and telling investors that the firm came away from the report “incrementally positive,” Morgan Stanley says the premium valuation keeps the firm on the sidelines.