Raymond James raised the firm’s price target on PowerFleet (AIOT) to $8 from $7 and keeps an Outperform rating on the shares. The company continues to execute against its integration plans that have already delivered significant cost synergies to date, the analyst tells investors in a research note. Following the acquisition of MiX Telematics and Fleet Complete, the firm believes PowerFleet has sufficient scale and product breadth to achieve double-digit revenue growth at a “healthy” EBITDA margin.
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Read More on AIOT:
- PowerFleet management to meet with Barrington
- PowerFleet price target raised to $15 from $10 at Barrington
- PowerFleet price target raised to $10 from $8 at Northland
- Powerfleet Announces Strong Q2 2025 Results
- PowerFleet still sees FY25 revenue above $352.5M, consensus $334.93M
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
