Canaccord raised the firm’s price target on PowerFleet to $10 from $6 and keeps a Buy rating on the shares. The firm updated its estimates beginning in the June quarter as its acquisition on MiX Telematics will close in April. They believe this combination creates a company with greater scale and the potential to create meaningful shareholder value.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PWFL:
- Powerfleet Reports Full Year 2023 and Fourth Quarter Financial Results
- PowerFleet reports Q4 EPS (7c), consensus (10c)
- PowerFleet and MiX Telematics receive shareholder approval for combination
- Powerfleet and MiX Telematics Receive Shareholder Approval for Proposed Business Combination
- PowerFleet Inc Announces Acquisition of MiX Telematics