Samsara (NYSE:IOT) Shares Gap Up to $24.75

Samsara Inc (NYSE:IOT)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $24.75, but opened at $25.43. Samsara shares last traded at $26.23, with a volume of 7,002 shares trading hands.

IOT has been the topic of a number of analyst reports. Wolfe Research initiated coverage on Samsara in a research note on Monday, January 10th. They set an “outperform” rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Samsara in a research note on Monday, January 10th. They set an “overweight” rating and a $34.00 price objective on the stock. Evercore ISI began coverage on Samsara in a research note on Monday, January 10th. They set an “in-line” rating and a $25.00 price objective on the stock. Wells Fargo & Company began coverage on Samsara in a research note on Monday, January 10th. They issued an “overweight” rating and a $31.00 target price on the stock. Finally, Royal Bank of Canada began coverage on Samsara in a research note on Monday, January 10th. They issued an “outperform” rating and a $28.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $30.13.

About Samsara (NYSE:IOT)

Samsara Inc is a company developing and building sensor systems that utilizes wireless sensors with remote networking and cloud-based analytics. Samsara Inc is based in United states.

Further Reading: Arbitrage

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