Northland analyst Greg Gibas lowered the firm’s price target on PowerFleet (AIOT) to $9 from $11 and keeps an Outperform rating on the shares. PowerFleet provided a guidance update on Friday ahead of its Q4 earnings release scheduled for Monday, June 16, capturing the company’s current view of tariff impacts and extended customer decision cycles, the analyst noted. The firm is updating its estimates to better reflect the company’s FY26 outlook, which was set below Northland and consensus expectations.
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