Samsara: The Correction at the IoT Specialist is a Buying Opportunity
Record: Customers with annual recurring revenues exceeding 100,000 USD surpassed 1 billion USD
Wells Fargo raises the price target to 52 USD, seeing a 30% chance
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Samsara (IOT) has long been avoided by me due to its high valuation. However, the specialist in the digitalization and networking of physical operations is increasingly convincing me with its wide range of offerings, as well as technically after a correction of up to 50% since the all-time high in February. AI-powered dash cams for accident prevention and mobile monitoring, asset tags for location tracking, and workflow and SOS functions for field service employees are showing visible successes with improved operational efficiency and cost savings....
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