PowerFleet

AIOT · NASDAQ

$2.55+$0.00 (+0.00%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $2.55

AIOT analyst rating

BuyConsensus of 3 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell0

12-month price target · 7 analysts

Average $8.57 (+236.0% upside)

Low: $6.06
Now: $2.55
High: $13.65

Upgrades and downgrades

The latest rating actions, newest first

AIOT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Craig-Hallum	Aug 11, 2026	Maintains	Buy	$9.00 → $6.00	43%
Raymond James	Jun 16, 2026	Maintains	Outperform	$8.00 → $7.00	37%
Barrington Research	Feb 6, 2026	Maintains	Outperform	$15.00	53%
Barrington Research	Jan 5, 2026	Maintains	Outperform	$15.00	53%
Barrington Research	Nov 26, 2025	Maintains	Outperform	$15.00	53%
Barrington Research	Nov 10, 2025	Maintains	Outperform	$15.00	53%
Barrington Research	Nov 7, 2025	Maintains	Outperform	$15.00	53%

The case for and against

Updated Apr 17, 2026

Bull case

PowerFleet Inc. demonstrated a robust financial performance with gross profit surging by 58.8% to $55.5 million and total revenue climbing 45% to a record $111.7 million, propelled by the growing adoption of its AIoT platform. The company's service revenue increased substantially by 57% to $89.3 million, which now constitutes 80% of total revenue, highlighting the significance of its SaaS offerings and organic service revenue growth of 12%. Additionally, a sequential improvement in gross margin by 640 basis points indicates an enhancing efficiency in operations, further solidifying a positive outlook for the company.

Bear case

PowerFleet is expected to see a decline in its adjusted EBITDA growth guidance, with estimates revised down to $97.3-104.0 million from the previous range of $103-110 million. Additionally, the company's financial metrics indicate a high net debt of $243 million at the end of Q2/26, which raises concerns given the ongoing non-cash charges that negatively impacted gross margin expansion. The anticipated reduction in net debt to adjusted EBITDA from 3.4x to 1.5x by FY/27 does not sufficiently alleviate doubts regarding its current financial health and ability to generate sustained profit growth amid existing structural inefficiencies.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.