Samsara price target lowered to $40 from $41 at Evercore ISI

Evercore ISI analyst Kirk Materne lowered the firm’s price target on Samsara to $40 from $41 and keeps an In Line rating on the shares after the company delivered what the firm said was “another clean beat/raise against elevated expectations.” While the 3% beat on revenue was “a bit lower than prior quarters,” Evercore believes the long-term fundamentals remain intact and also believes the shares are fairly valued, but that the premium to the group is “deserved,” the analyst tells investors in a post-earnings note.