Goldman Sachs upgraded Samsara to Buy from Neutral with a price target of $27, up from $16, as the firm has become "incrementally more positive" based on management’s commentary around breakeven free cash flow in Q4 of 2023, continued customer resilience despite macro conditions and easing supply chain constraints. The "only change" to the firm’s thesis is around Samsara’s ability to accelerate their path to positive free cash flow without compromising top-line growth, the analyst tells investors.
Published first on TheFly
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