Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
PowerFleet, Inc. Market Cap
The PowerFleet, Inc. (AIOT) share price is expected to increase by 83.53% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered AIOT. Price targets range from $7 at the low end to $13 at the high end. The current analyst consensus for AIOT is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
AIOT is a stock in Technology which has been forecasted to be worth $9.14 as an average. On the higher end, the forecast price is $13 USD by from and on the lower end AIOT is forecasted to be $7 by from .
These are the latest 20 analyst ratings of AIOT.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Gary Prestopino Barrington Research | Outperform | $10 | Maintains | Oct 3, 2024 |
| Gary Prestopino Barrington Research | Outperform | $10 | Maintains | Sep 24, 2024 |
| Gary Prestopino Barrington Research | Outperform | $10 | Maintains | Aug 26, 2024 |
| Gary Prestopino Barrington Research | Outperform | $10 | Maintains | Aug 22, 2024 |
| Gary Prestopino Barrington Research | Outperform | $10 | Maintains | Aug 5, 2024 |
Barrington Research | Outperform | Maintains | Apr 30, 2024 | |
Northland Capital Markets | Outperform | Initiates | Mar 18, 2024 | |
Craig-Hallum | Buy | Initiates | Mar 15, 2024 | |
Canaccord Genuity | Buy | Maintains | Mar 13, 2024 | |
Lake Street | Buy | Maintains | Mar 13, 2024 | |
Barrington Research | Outperform | Maintains | Mar 12, 2024 |
When did it IPO
1999
Staff Count
1,954
Country
United States
Sector/Industry
Technology/Software—Infrastructure
CEO
Mr. Steve Towe
Market Cap
$513.7M
In 2023, AIOT generated $133.7M in revenue, which was a decrease of -1.60% from the previous year. This can be seen as a signal that AIOT's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Tue, 01 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Powerfleet, Inc. has completed the acquisition of Fleet Complete, creating a company with over $400M in revenue, including $300M in recurring SaaS revenue and $85M EBITDA.
Why It Matters - The acquisition positions Powerfleet for substantial revenue growth and strong recurring income, enhancing its market presence and potential profitability, which can attract investor interest.
Wed, 25 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Powerfleet, Inc. (Nasdaq: AIOT) will hold a fireside chat with analysts and investors on October 2 at 8:30 a.m.
Why It Matters - The fireside chat indicates Powerfleet's commitment to transparency and communication, potentially influencing investor sentiment and stock performance.
Wed, 18 Sep 2024
Sentiment - NEUTRAL
Source - The Motley Fool
Summary - An AIoT specialist is acquiring a peer for $200 million.
Why It Matters - The $200 million acquisition highlights consolidation in the AIoT sector, potentially enhancing market share, innovation capabilities, and competitive positioning, impacting future growth prospects.
Wed, 18 Sep 2024
Sentiment - NEUTRAL
Source - Benzinga
Summary - U.S. stocks declined midway through trading, with the S&P 500 down approximately 0.2% on Wednesday.
Why It Matters - A decline in the S&P 500 indicates weakening investor confidence and may signal potential market volatility, affecting portfolio valuations and investment strategies.
Wed, 18 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Powerfleet, Inc. is acquiring Fleet Complete for $200 million, boosting revenues to over $400 million, with significant SaaS contributions. The deal enhances their market presence and growth potential. Closing is set for October 1, 2024.
Why It Matters - The acquisition enhances Powerfleet's revenue potential and market reach, promising significant growth and improved profitability, which can increase investor confidence and share value.
Tue, 17 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Powerfleet, Inc. (Nasdaq: AIOT) was ranked the global leader in cold chain monitoring solutions by ABI Research, highlighting its Unity platform as a key differentiator.
Why It Matters - Powerfleet's recognition as the global leader in cold chain monitoring enhances its market position, potentially boosting sales and investor confidence in its growth prospects.
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