Reported 1 day ago
Samsara Inc. (NYSE: IOT) is gaining traction as a top technology investment, with strong endorsements from analysts following notable increases in product adoption and subscription growth. TD Cowen's Derrick Wood reiterated a 'Buy' rating, citing rising annual recurring revenue and the enhanced relevance of features like asset tagging. RBC Capital also maintained its 'Buy' rating, reflecting confidence in Samsara’s growth strategy, especially as it expands its AI-powered Connected Operations platform aimed at optimizing performance in various industries.
Source: YAHOO