Samsara (IOT): New Buy Recommendation for This Technology Giant
Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Samsara (IOT – Research Report) today and set a price target of $46.00. The company's shares closed today at $38.65.
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Rangan covers the Technology sector, focusing on stocks such as Microsoft, ServiceNow, and Snowflake. According to TipRanks, Rangan has an average return of 8.9% and a 56.99% success rate on recommended stocks.
In addition to Goldman Sachs, Samsara also received a Buy from William Blair's Dylan Becker in a report issued today. However, on the same day, Raymond James reiterated a Hold rating on Samsara (NYSE: IOT).
The company has a one-year high of $61.90 and a one-year low of $29.86. Currently, Samsara has an average volume of 4.95M.
Based on the recent corporate insider activity of 246 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IOT in relation to earlier this year. Earlier this month, Dominic Phillips, the EVP, CFO of IOT sold 47,334.00 shares for a total of $1,855,492.80.
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