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Powerfleet ( (AIOT) ) has shared an update.
On October 31, 2025, Powerfleet, Inc. and its subsidiaries entered into a First Amendment and Restatement Agreement with FirstRand Bank Limited to amend their existing Facilities Agreement. This amendment extends the maturity date of the Term A Facility, updates interest rates, and aligns financial covenants with the company’s other debt facilities, potentially enhancing financial flexibility and operational stability.
The most recent analyst rating on (AIOT) stock is a Hold with a $5.50 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 score is driven by strong service revenue growth and strategic progress in SaaS, as highlighted in the earnings call. However, financial performance issues, particularly in profitability and cash flow, and valuation concerns due to a negative P/E ratio, weigh down the score.
To see Spark’s full report on AIOT stock, click here.
More about Powerfleet
Powerfleet, Inc. operates in the technology industry, providing advanced fleet management solutions and services to optimize vehicle and asset management for businesses.
Average Trading Volume: 1,564,051
Technical Sentiment Signal: Hold
Current Market Cap: $637.9M
For an in-depth examination of AIOT stock, go to TipRanks’ Overview page.