TD Cowen Reiterates Buy Rating on Samsara Inc (IOT)

TD Cowen analyst J. Derrick Wood reiterated a Buy rating and $45.00 price target on Samsara Inc (NYSE: IOT).

The analyst commented, "IOT delivered a strong 1Q w/ 37% rev growth above Street at 34%, w/ guide raised across the board. IOT continues to prove high levels of resiliency in demand & growth execution, which demonstrates its strong value prop & unique competitive positioning. Deal sizes are rising as it sees broader product adoption & is emerging into the core system of record for digitizing physical ops. Reiterate Buy."

For an analyst ratings summary and ratings history on Samsara Inc click here. For more ratings news on Samsara Inc click here.

Shares of Samsara Inc closed at $34.86 yesterday.

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