Northland's analyst Greg Gibas has revised the price target for PowerFleet (AIOT, Financial), reducing it from $11 to $9, while maintaining an Outperform rating on the stock. This adjustment comes in the wake of PowerFleet's recent guidance update, which was shared ahead of the company's fourth-quarter earnings report scheduled for June 16.
The guidance update reflects the company's assessment of the impact of tariffs and prolonged customer decision cycles. Additionally, the firm's projections for fiscal year 2026 fell short of both Northland's and market consensus expectations, prompting the recalibration of estimates.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for PowerFleet Inc (AIOT, Financial) is $8.71 with a high estimate of $11.00 and a low estimate of $7.00. The average target implies an upside of 80.79% from the current price of $4.82. More detailed estimate data can be found on the PowerFleet Inc (AIOT) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, PowerFleet Inc's (AIOT, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PowerFleet Inc (AIOT, Financial) in one year is $1.97, suggesting a downside of 59.13% from the current price of $4.82. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PowerFleet Inc (AIOT) Summary page.
