Samsara price target raised to $41 from $33 at Piper Sandler

Piper Sandler analyst James Fish raised the firm’s price target on Samsara to $41 from $33 and keeps a Neutral rating on the shares. Samsara is moving further upmarket and executing on physical operations’ digitization, while the whitespace opportunity remains robust, the firm says. The FY25 setup was going to be challenging given the extra week in 4Q24 and strong execution, but underneath assumptions remain modestly conservative and guide calls for stabilizing net revenue retention, the firm adds.