Wells Fargo Lowers Samsara Price Target to $43, Keeps 'Overweight' Rating

Wells Fargo analyst Michael Turrin has maintained an "Overweight" rating for Samsara (IOT) but lowered the price target to $43 from $52, a 17.31% decrease. The company provides an end-to-end solution for operations and derives almost all of its revenue from subscription services, primarily in the United States. Analysts forecast an average target price of $49.21 with a high estimate of $60 and a low of $39. The average target implies a 100.67% upside from the current price of $24.52.