In a notable move, Bank of America (BofA) initiated coverage on Samsara Inc (NYSE: IOT), assigning the company a Buy rating with a price target of $37. This comes as Samsara continues to carve out a niche in the rapidly evolving field of AI-driven auto safety solutions. The San Francisco-based firm has garnered attention for its innovative approach, leveraging AI-powered dash cams and real-time driver coaching software to significantly reduce accidents by approximately 29%. BofA’s analysts, led by Matt Bullock, underscored Samsara’s potential to disrupt the $19 billion vehicle telematics indus…