Samsara price target raised to $56 from $46 at TD Cowen

TD Cowen raised the firm’s price target on Samsara to $56 from $46 and keeps a Buy rating on the shares. The firm met with management who highlighted the momentum in multi-product customer lands and the large cross-sell oppprtunity that exists in the base. Management continues to be very effective in on-boarding and ramping representative capacity to fuel growth momentum.