Samsara Inc. (NYSE:IOT) received an upgrade from BNP Paribas to Outperform with a $40 price target, citing improved risk/reward profile after a tough year. The company reported strong Q3 results with $1.75 billion in annual recurring revenue and new product innovations driving growth.

Samsara Inc. (NYSE:IOT) is a San Francisco-based IoT company specializing in telematics and data-driven insights for physical operations. Despite near-term volatility, the company continues to benefit from growing demand for digitization, automation, and AI-enabled efficiency in industries like logistics and fleet management.

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Read more at Yahoo Finance: Samsara Inc. (IOT) Shows Durable Demand as Physical Operations Continue to Digitize