Samsara initiated with a Hold at Berenberg

Berenberg analyst Nay Soe Naing initiated coverage of Samsara (IOT) with a Hold rating and $57 price target Samsara is a fast-growing, innovative-led technology company that is bringing “Industry 4.0” to the commercial-vehicle-based and adjacent industries, the analyst tells investors in a research note. While it likes Samsara’s business story, Berenberg is “less enthusiastic about its equity story.” Samsara’s equity story is now likely fully understood by the market and thus currently lacks meaningful positive catalysts, the analyst tells investors in a research note.