Lake Street analyst Jaeson Schmidt lowered the firm’s price target on PowerFleet (AIOT) to $8 from $11 and keeps a Buy rating on the shares after the company released preliminary FY25 revenue and AEBITDA results and its FY26 outlook on Friday morning. While the firm does not believe the company is seeing cancellations, it thinks pushouts and elongated sales cycles are creating near-term headwinds and believes tariffs will likely have a slight impact on gross margin, the analyst tells investors ahead of the company’s full fiscal Q4 report due on June 16.
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