Powerfleet Wins Major South African Government Fleet Contract

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

On December 18, 2025, MiX Telematics Enterprise Proprietary Limited, a subsidiary of Powerfleet, Inc., was awarded a sixty‑month contract by the National Treasury of the Republic of South Africa to provide vehicle fleet management services, including video, visibility, and driver management solutions, to the Republic of South Africa, with services expected to commence in the second quarter of 2026. The long-term national contract strengthens Powerfleet’s presence in the South African public sector fleet management market and could enhance its operational scale and competitive positioning in government telematics services, pending finalization of certain contract terms.

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 strong revenue growth and strategic initiatives are major positives, supported by bullish technical indicators. However, profitability challenges and a negative P/E ratio weigh on the valuation. The positive earnings call and corporate events further bolster the outlook, leading to a moderately favorable overall score.

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

More about Powerfleet

Powerfleet, Inc., through its subsidiary MiX Telematics Enterprise Proprietary Limited, operates in the fleet management and telematics industry, providing vehicle video, visibility, and driver management solutions to government and commercial customers.

Average Trading Volume: 1,406,531

Technical Sentiment Signal: Strong Buy

Current Market Cap: $717.3M

For a thorough assessment of AIOT stock, go to TipRanks’ Stock Analysis page.