Samsara price target raised to $47 from $45 at BofA

BofA raised the firm’s price target on Samsara to $47 from $45 and keeps a Buy rating on the shares after the internet of things software provider delivered “impressive” Q2 results, beating top and bottom-line expectations and raising guidance. The firm, which is increasing its FY25 and FY26 ARR and adjusted operating margin estimates to reflect the Q2 beat and upward guidance revision, raised its FY25 and FY26 ARR estimates by 1.2% and 0.8%, respectively.