Samsara price target raised to $49 from $47 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the firm’s price target on Samsara to $49 from $47 and keeps an Outperform rating on the shares. The company reported another quarter of consistently strong results with a beat and raise as revenue impressively hasn’t decelerated for a third consecutive quarter, the analyst tells investors in a research note. Samsara guidance was raised by more than the beat, but feels conservative as continued platform expansion and adoption increases the runway for elevated revenue growth, the firm added.