Samsara price target raised to $32 from $31 at Wells Fargo

Wells Fargo raised the firm’s price target on Samsara to $32 from $31 and keeps an Overweight rating on the shares post the fiscal Q2 report. The company “remains remarkably resilient,” with growth holding strong and no signs of macro impact, the analyst tells investors in a research note. The firm thinks Samsara’s premium valuation is warranted given the “scarcity of outsized growth.”