Samsara Stock (IOT): $34 Price Target From JPMorgan

By Amit Chowdhry ● Jan 14, 2022
  • The shares of Samsara Inc (NYSE: IOT) have received a $34 price target from JPMorgan. These are the details.

The shares of Samsara Inc (NYSE: IOT) have received a $34 price target from JPMorgan. And JPMorgan analyst Sterling Auty initiated coverage of Samsara with an “Overweight” rating.

Auty noted that the company uses in-vehicle technology and its cloud platform to monitor and manage commercial vehicles and drivers for compliance, safety, fuel management, navigation, routing, and many other functions. And Auty believes Samsara will generate outsized growth as the Internet of Things market is starting to see its potential become reality.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.