UPDATE: Cowen Starts Samsara Inc (IOT) at Outperform

Cowen analyst J. Derrick Wood initiates coverage on Samsara Inc (NYSE: IOT) with a Outperform rating and a price target of $31.00.

The analyst comments "IOT's Connected Operations Cloud, built with an IoT+AI+Edge foundation, is one of the most innovative products for asset-intensive markets. Its unique offering has led to very fast revenue scale and it stands to drive greater digital transformation within a sector that has lagged in innovation. We think IOT is early in its growth cycle against a favorable comp env't. Initiate Outperform, $31 PT."

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 $23.22 yesterday.

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