DonCorleone77
$IOT Samsara initiated with a Buy at Jefferies
Jefferies analyst Samad Samana initiated coverage of Samsara with a Buy rating and $50 price target. The firm sees the company taking share within its $175B total addressable market of hardware, analytics, and automation. Samsara can post 22% annual revenue growth through fiscal 2029, the analyst tells investors in a research note. Jefferies views the stock's current valuation as a "compelling entry point for a moated AI winner." It expects positive estimate revisions to drive the shares higher.
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