Samsara initiated with a Buy at BofA

BofA initiated coverage of Samsara with a Buy rating and $37 price target. With AI-enabled dash cams and real-time driver coaching software, Samsara is “revolutionizing roadway safety,” the analyst tells investors. The company is also disrupting the $19B-plus vehicle telematics industry with its “easy to use and feature-rich solution,” the analyst added.