Samsara price target raised to $28 from $27 at BMO Capital

BMO Capital raised the firm’s price target on Samsara to $28 from $27 and keeps a Market Perform rating on the shares. The bar rose into the company’s results, but Samsara delivered a generally solid quarter, with ARR upside and accelerating growth in net new ARR coming from impressive performance in enterprise deals, the analyst tells investors in a research note. Samsara’s margin improvement was steady, and BMO “remains intrigued” by the company’s increasing optionality to sustain growth next year, the firm added.