Samsara price target raised to $45 from $36 at TD Cowen

TD Cowen raised the firm’s price target on Samsara to $45 from $36 and keeps an Outperform rating on the shares. The firm said they continued their strong execution as Q4 results and guidance were better than expected. Cowen thinks the valuation premium is warranted given its growth at scale, consistent execution, positive FCF margins and no signs of momentum slowing, if not the opposite as management plans to remain aggressive in headcount growth.