Piper Sandler raised the firm's price target on Samsara to $40 from $39 and keeps an Overweight rating on the shares. Results and raised guidance were relatively as investors expected, though FX did slightly help and GPM came in a bit lighter given some investments, the firm notes. While AI vs. Software continues to be debated, Piper doesn't see this as negatively impacting Samsara, nor the rising fuel costs.
