PowerFleet, under the ticker AIOT, has revealed an expansion of its advanced AI video safety technology in collaboration with EverDriven Technologies. The partnership will see EverDriven broadening its use of PowerFleet's solutions, ultimately reaching about 4,000 subscribers. This marks a significant step in enhancing the safety capabilities provided by PowerFleet's cutting-edge technology.
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 95.83% from the current price of $4.45. 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 $1.98, suggesting a downside of 55.51% from the current price of $4.45. 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.
