Raymond James lowered the firm's price target on PowerFleet to $7 from $8 and keeps an Outperform rating on the shares. The Q4 results came in ahead of expectations with an improved FY27 outlook reflecting accelerating growth and profitability into year-end, driven by strong subscription-based services growth, rising annual recurring revenue, expanding enterprise and government adoption, rapid uptake of AI video and in-warehouse solutions, channel and partnership expansion, and improving incremental EBITDA margins, the analyst tells investors in a research note.
