William Blair analyst Dylan Becker has maintained their bullish stance on AIOT stock, giving a Buy rating on February 13.
Dylan Becker has given his Buy rating due to a combination of factors related to Powerfleet’s financial outlook and strategic positioning. Despite a slight downward revision in the adjusted EBITDA estimates for the fiscal fourth quarter of 2025 and the full year 2026, these adjustments are primarily due to the timing of expense recognition related to integration synergies, rather than any fundamental weaknesses in the company’s operations or strategy.
Becker emphasizes that the revenue projections remain unchanged, and the adjustments do not affect the company’s long-term financial targets, specifically the Rule-of-40+ framework aimed for fiscal 2026 and beyond. This suggests confidence in Powerfleet’s ability to achieve its strategic goals and maintain robust financial health, supporting the Buy recommendation.
In another report released on February 13, Barrington also maintained a Buy rating on the stock with a $15.00 price target.