Truist Securities Maintains Hold on Samsara, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Samsara (NYSE:IOT) while raising the price target from $35 to $40, indicating a positive outlook on the stock.
September 06, 2024 | 2:41 pm
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Truist Securities has maintained a Hold rating on Samsara and increased the price target from $35 to $40, suggesting a positive outlook on the stock.
The increase in price target from $35 to $40 by Truist Securities indicates a positive sentiment towards Samsara's future performance. Although the Hold rating suggests a neutral stance, the raised price target reflects an expectation of potential growth, which could positively influence investor perception and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100