Samsara price target raised to $55 from $46 at Wells Fargo

Wells Fargo raised the firm’s price target on Samsara (IOT) to $55 from $46 and keeps an Overweight rating on the shares. Samsara delivered a clean Q3 print, but the firm expects near-term noise as investors scrutinize unchanged Q4 guidance given the quarterly beat and raise cadence and premium multiple, the analyst says in a research note.