Powerfleet’s Strong Q3/25 Performance and Strategic Acquisitions Drive Buy Rating

Barrington analyst Gary Prestopino maintained a Buy rating on Powerfleet (AIOT – Research Report) today and set a price target of $15.00.

Gary Prestopino has given his Buy rating due to a combination of factors including Powerfleet’s strong financial performance and strategic acquisitions. The company’s Q3/25 results exceeded both internal and consensus expectations, with sales reaching $106 million and adjusted EBITDA at $22.5 million, surpassing estimates of $99.4 million and $20.5 million respectively.
Powerfleet’s business transformation through the Fleet Complete and MiX Telematics merger has enhanced its global presence and operational capabilities, enabling substantial revenue growth and cost synergies. The firm achieved a 45% increase in total revenue and significant improvements in profit margins, driven by robust sales in the U.S. and Europe. Additionally, major deals in North America and other strategic markets highlight the company’s expanding market footprint and potential for future growth.

In another report released on February 11, Lake Street also reiterated a Buy rating on the stock with a $11.00 price target.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AIOT in relation to earlier this year.