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Bank of America likes this new AI play from the auto sector

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Samsara Inc News

Stock Markets,Investment Strategy,Business News

Investors should eye this software stock just before a multiyear adoption cycle for AI-enabled dashcam technology takes hold, according to Bank of America.

Before a multiyear adoption cycle for artificial intelligence -enabled dashcam technology takes hold, investors should watch a key software stock in the automotive industry , according to Bank of America. " Samsara is revolutionizing roadway safety," analyst Matt Bullock wrote in a Thursday note.

IOT 1D mountain Samsara, 1-day Bullock's thesis is underpinned by constructive end-market demand trends and checks with industry participants that suggest a differentiated suite of offerings. Additionally, there's been "substantial upside" to Street estimates and positive expectations for near-term catalysts.

 

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