PowerFleet price target raised to $11 from $7 at Lake Street

Lake Street raised the firm’s price target on PowerFleet (AIOT) to $11 from $7 and keeps a Buy rating on the shares. The firm, which was “impressed” with the strong top line momentum and progress on the cost synergies seen in fiscal Q3, thinks this should give investors confidence that PowerFleet “remains well-positioned to march toward its FY26 targets.”