Morgan Stanley Lifts PT on Samsara (IOT) to $53 From $50, Keeps an Equal Weight Rating

Group 1 - Samsara Inc. is considered one of the best growth stocks under $50, with a price target raised by Morgan Stanley to $53 from $50, maintaining an Equal Weight rating on the shares [1] - The company reported a 19% year-over-year increase in net new Annual Recurring Revenue (ARR) in Q2, a significant rise from 7% in Q1, although concerns about the sustainability of this growth were raised [2] - Samsara develops internet-connected sensor systems that integrate wireless connectivity, plug-and-play sensors, and cloud-hosted software, along with AI-powered safety programs for employee training and protection [2] Group 2 - While Samsara shows potential as an investment, there are opinions suggesting that certain AI stocks may offer greater upside potential with less downside risk [3]