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 (IOT) is revolutionizing roadway safety," analyst Matt Bullock wrote in a Thursday note.
Bullock thinks Samsara's new offerings may move the needle for the company's growth in the long term.
"They also have smaller R & D budgets and install-bases from which to collect data and improve AI models," Bullock added.
"Because of this, we expect Samsara to remain on the cutting edge of the video-based safety software market."
Persons:
Matt Bullock, Bullock, there's
Organizations:
Bank of America