TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from Powerfleet ( (AIOT) ) is now available.
Powerfleet reported a significant increase in its financial performance for the second quarter of fiscal 2026, with total revenue reaching $111.7 million, marking a 45% year-over-year increase. The company achieved strong growth in its AI-powered SaaS solutions, leading to a 7% sequential revenue increase and a 57% rise in services revenue. The company also raised its full-year revenue guidance, reflecting its strong market position and operational momentum.
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, focusing on AI-powered SaaS solutions. The company is known for its safety and compliance solutions, targeting global markets with a particular emphasis on wireless solutions and telematics.
Average Trading Volume: 1,572,764
Technical Sentiment Signal: Buy
Current Market Cap: $652.5M
See more insights into AIOT stock on TipRanks’ Stock Analysis page.