10 Trending AI Stocks That Analysts Are Monitoring

7. Samsara Inc. (NYSE:IOT)

Number of Hedge Fund Holders: 30

Samsara Inc. (NYSE:IOT) is an Internet of Things (IoT) specialist offering cloud-based software and sensor hardware solutions, including products like AI dash cams, telematics, maintenance, routing, and driver apps to oversee and optimize industrial operations, including vehicle fleet management for better safety and efficiency through data analysis. The Samsara Gen AI assistant and Intelligent Experiences on their “Connected Operations Cloud” platform help customers address complex operation questions and improve business operations with AI-driven recommendations and insights.

On February 3rd, Berenberg analyst Nay Soe Naing initiated coverage of Samsara Inc. (NYSE:IOT)  with a “Hold” rating and a $57 stock price target. The analyst noted that the fast-growing company is effectively bringing “Industry 4.0” to the commercial-vehicle-based and adjacent industries. However, the brokerage is “less enthusiastic about its equity story” and thinks it currently lacks meaningful positive catalysts.