Samsara initiated with a Market Perform at Raymond James

Raymond James initiated coverage of Samsara (IOT) with a Market Perform rating. The shares currently reflect a clear-cut leadership position, a long-term compounding opportunity across an open-ended market, and the potential for increasing incremental margins over the next few years, the analyst tells investors in a research note. The firm sees a more balanced risk/reward with the expectation that further multiple expansion could be limited absent another acceleration in growth/incremental sales dollars.