Samsara price target raised to $50 from $42 at Evercore ISI

Evercore ISI raised the firm’s price target on Samsara (IOT) to $50 from $42 and keeps an In Line rating on the shares. The firm is “not surprised by the ‘wobble’ in shares in the after-market” given the lack of a raise to Q4 revenue and ARR guidance, but still views Samsara as “a long-term winner in the market.” However, the firm adds that it needs to “find the right entry point.”