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Powerfleet Amends CEO Severance Agreement

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Powerfleet Amends CEO Severance Agreement

Confident Investing Starts Here:

The latest announcement is out from Powerfleet ( (AIOT) ).

On May 31, 2025, Powerfleet, Inc. announced an amendment to the severance agreement with its CEO, Steve Towe. The amendment specifies that if severance benefits are triggered, Mr. Towe’s bonus will be calculated at twice the amount of any bonus he would have received for the fiscal year of his termination.

The most recent analyst rating on (AIOT) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Powerfleet stock, see the AIOT Stock Forecast page.

Spark’s Take on AIOT Stock

According to Spark, TipRanks’ AI Analyst, AIOT is a Neutral.

Powerfleet’s overall stock score reflects significant financial challenges, including persistent losses and increased leverage. However, recent earnings call highlights, such as strong revenue and EBITDA growth, provide a positive outlook. Technical indicators suggest mixed momentum, while valuation metrics indicate overvaluation concerns. Leadership changes and innovation strategies offer potential for future growth.

To see Spark’s full report on AIOT stock, click here.

More about Powerfleet

Average Trading Volume: 1,812,624

Technical Sentiment Signal: Sell

Current Market Cap: $630.7M

Find detailed analytics on AIOT stock on TipRanks’ Stock Analysis page.

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