PowerFleet (PWFL) Stock Forecast, Price Target & Predictions

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PWFL Stock Forecast

PowerFleet stock forecast is as follows: an average price target of $9.00 (represents a 88.68% upside from PWFL’s last price of $4.77) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.

PWFL Price Target

The average price target for PowerFleet (PWFL) is $9.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $10.00 to $7.00. This represents a potential 88.68% upside from PWFL's last price of $4.77.

PWFL Analyst Ratings

Buy

According to 2 Wall Street analysts, PowerFleet's rating consensus is 'Buy'. The analyst rating breakdown for PWFL stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

PowerFleet Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Apr 30, 2024	Gary Prestopino	Barrington	$10.00	$4.76	110.08%	109.64%
Apr 01, 2024	Alexander Sklar	Raymond James	$7.00	$4.92	42.28%	46.75%
Mar 15, 2024	Anthony Stoss	Craig-Hallum	$9.00	$3.63	147.93%	88.68%
Mar 13, 2024	Michael Walkley	Canaccord Genuity	$10.00	$3.56	180.90%	109.64%

The latest PowerFleet stock forecast, released on Apr 30, 2024 by Gary Prestopino from Barrington, set a price target of $10.00, which represents a 110.08% increase from the stock price at the time of the forecast ($4.76), and a 109.64% increase from PWFL last price ($4.77).

PowerFleet Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	4
Avg Price Target	-	-	$9.00
Last Closing Price	$4.77	$4.77	$4.77
Upside/Downside	-100.00%	-100.00%	88.68%

In the current month, the average price target of PowerFleet stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to PowerFleet's last price of $4.77. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Apr 01, 2024	Raymond James		Outperform	Initialise
Mar 13, 2024	Lake Street	Buy	Buy	Hold

PowerFleet's last stock rating was published by Raymond James on Apr 01, 2024. The company Initialise its PWFL rating from "null" to "Outperform".

PowerFleet Financial Forecast

PowerFleet Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$34.50M	$34.20B	$32.05M	$32.84M	$33.11M	$34.29M	$34.59M	$33.16M	$34.42M	$29.25M	$33.55M	$28.99M	$29.43M	$27.60M	$25.77M	$30.80M	$35.15M	$16.88M
Avg Forecast	$99.55M	$96.96M	$92.54M	$87.70M	$86.84M	$83.91M	$80.51M	$77.37M	$74.85M	$73.13M	$70.77M	$70.01M	$33.93M	$33.79M	$34.37M	$33.60M	$34.44M	$34.67M	$34.37M	$32.09M	$31.62M	$33.37M	$31.05M	$29.00M	$28.39M	$26.41M	$25.01M	$30.86M	$35.19M	$16.28M
High Forecast	$99.55M	$96.96M	$92.54M	$87.70M	$86.84M	$83.91M	$80.51M	$77.37M	$74.85M	$73.13M	$71.09M	$70.47M	$34.41M	$33.84M	$34.37M	$33.60M	$34.44M	$34.67M	$34.37M	$32.09M	$31.62M	$33.37M	$31.05M	$29.00M	$28.39M	$26.41M	$25.01M	$30.86M	$35.19M	$16.28M
Low Forecast	$99.55M	$96.96M	$92.54M	$87.70M	$86.84M	$83.91M	$80.51M	$77.37M	$74.85M	$73.13M	$70.45M	$69.25M	$33.44M	$33.74M	$34.37M	$33.60M	$34.44M	$34.67M	$34.37M	$32.09M	$31.62M	$33.37M	$31.05M	$29.00M	$28.39M	$26.41M	$25.01M	$30.86M	$35.19M	$16.28M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	2	1	1	1	1	1	1	1	1	1	1	1	13	8	8	9	12	7
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.02%	1012.06%	0.93%	0.98%	0.96%	0.99%	1.01%	1.03%	1.09%	0.88%	1.08%	1.00%	1.04%	1.05%	1.03%	1.00%	1.00%	1.04%

PowerFleet's average Quarter revenue forecast for Mar 24 based on 3 analysts is $70.01M, with a low forecast of $69.25M, and a high forecast of $70.47M. PWFL's average Quarter revenue forecast represents a 102.93% increase compared to the company's last Quarter revenue of $34.50M (Dec 23).

PowerFleet EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	2	1	1	1	1	1	1	1	1	1	1	1	13	8	8	9	12	7
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$2.03M	$-3.26B	$-777.00K	$299.00K	$909.00K	$821.00K	$-1.57M	$-1.65M	$-10.05M	$-261.00K	$1.94M	$1.30M	$2.07M	$2.87M	$1.30M	$-1.31M	$-1.22M	$-1.64M
Avg Forecast	$1.06M	$1.03M	$983.05K	$931.64K	$922.44K	$891.39K	$855.21K	$821.88K	$795.15K	$776.87K	$751.76K	$-1.38M	$360.40K	$358.91K	$365.13K	$-1.26M	$2.27M	$368.31K	$365.05K	$-1.14M	$335.89K	$354.48K	$329.81K	$928.57K	$301.52K	$280.55K	$265.70K	$-1.57M	$373.83K	$172.89K
High Forecast	$1.06M	$1.03M	$983.05K	$931.64K	$922.44K	$891.39K	$855.21K	$821.88K	$795.15K	$776.87K	$755.17K	$-1.11M	$365.50K	$359.45K	$365.13K	$-1.01M	$2.73M	$368.31K	$365.05K	$-915.20K	$335.89K	$354.48K	$329.81K	$1.11M	$301.52K	$280.55K	$265.70K	$-1.26M	$373.83K	$172.89K
Low Forecast	$1.06M	$1.03M	$983.05K	$931.64K	$922.44K	$891.39K	$855.21K	$821.88K	$795.15K	$776.87K	$748.36K	$-1.66M	$355.19K	$358.38K	$365.13K	$-1.51M	$1.82M	$368.31K	$365.05K	$-1.37M	$335.89K	$354.48K	$329.81K	$742.86K	$301.52K	$280.55K	$265.70K	$-1.89M	$373.83K	$172.89K
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	5.64%	-9074.62%	-2.13%	-0.24%	0.40%	2.23%	-4.30%	1.44%	-29.94%	-0.74%	5.89%	1.40%	6.86%	10.21%	4.90%	0.83%	-3.26%	-9.50%

3 analysts predict PWFL's average Quarter EBITDA for Mar 24 to be $-1.38M, with a high of $-1.11M and a low of $-1.66M. This is -168.06% lower than PowerFleet's previous annual EBITDA (Dec 23) of $2.03M.

PowerFleet Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	2	1	1	1	1	1	1	1	1	1	1	1	13	8	8	9	12	7
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$-3.27M	$-4.97B	$-2.98M	$4.77M	$-1.66M	$-2.30M	$-117.00K	$-2.93M	$-6.71M	$-3.35M	$-1.44M	$-1.79M	$-2.37M	$-590.00K	$-2.63M	$-3.43M	$-4.08M	$-2.10M
Avg Forecast	-	-	-	-	$8.75M	$7.35M	$5.61M	$2.77M	$1.05M	$-153.53K	$-1.88M	$-2.84M	$-2.14M	$-2.68M	$-1.79M	$-2.58M	$-2.60M	$-357.08K	$-5.00M	$-2.34M	$-1.43M	$4.82M	$2.14M	$-1.28M	$1.79M	$-1.79M	$-7.86M	$-4.11M	$6.86M	$1.93M
High Forecast	-	-	-	-	$8.75M	$7.35M	$5.61M	$2.77M	$1.05M	$-153.53K	$-1.88M	$-2.27M	$-2.14M	$-2.68M	$-1.79M	$-2.06M	$-2.08M	$-357.08K	$-5.00M	$-1.87M	$-1.43M	$4.82M	$2.14M	$-1.02M	$1.79M	$-1.79M	$-7.86M	$-3.29M	$6.86M	$1.93M
Low Forecast	-	-	-	-	$8.75M	$7.35M	$5.61M	$2.77M	$1.05M	$-153.53K	$-1.88M	$-3.40M	$-2.14M	$-2.68M	$-1.79M	$-3.09M	$-3.12M	$-357.08K	$-5.00M	$-2.81M	$-1.43M	$4.82M	$2.14M	$-1.53M	$1.79M	$-1.79M	$-7.86M	$-4.93M	$6.86M	$1.93M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.53%	1855.21%	1.67%	-1.85%	0.64%	6.44%	0.02%	1.25%	4.70%	-0.69%	-0.67%	1.40%	-1.32%	0.33%	0.33%	0.83%	-0.60%	-1.09%

PowerFleet's average Quarter net income forecast for Jun 23 is $-1.79M, with a range of $-1.79M to $-1.79M. PWFL's average Quarter net income forecast represents a -137.44% decrease compared to the company's last Quarter net income of $4.77M (Mar 23).

PowerFleet SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	2	1	1	1	1	1	1	1	1	1	1	1	13	8	8	9	12	7
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$15.62M	$17.99B	$16.99M	$16.79M	$15.61M	$16.66M	$15.82M	$14.91M	$16.11M	$13.96M	$13.42M	$13.61M	$12.97M	$11.64M	$12.17M	$15.10M	$16.45M	$6.32M
Avg Forecast	$45.20M	$44.02M	$42.02M	$39.82M	$39.43M	$38.10M	$36.55M	$35.13M	$33.99M	$33.21M	$32.13M	$14.43M	$15.40M	$15.34M	$15.61M	$13.12M	$14.27M	$15.74M	$15.60M	$11.93M	$14.36M	$15.15M	$14.10M	$9.72M	$12.89M	$11.99M	$11.36M	$18.12M	$15.98M	$7.39M
High Forecast	$45.20M	$44.02M	$42.02M	$39.82M	$39.43M	$38.10M	$36.55M	$35.13M	$33.99M	$33.21M	$32.28M	$17.32M	$15.62M	$15.36M	$15.61M	$15.75M	$17.12M	$15.74M	$15.60M	$14.32M	$14.36M	$15.15M	$14.10M	$11.66M	$12.89M	$11.99M	$11.36M	$21.75M	$15.98M	$7.39M
Low Forecast	$45.20M	$44.02M	$42.02M	$39.82M	$39.43M	$38.10M	$36.55M	$35.13M	$33.99M	$33.21M	$31.99M	$11.55M	$15.18M	$15.32M	$15.61M	$10.50M	$11.42M	$15.74M	$15.60M	$9.54M	$14.36M	$15.15M	$14.10M	$7.78M	$12.89M	$11.99M	$11.36M	$14.50M	$15.98M	$7.39M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.01%	1172.52%	1.09%	1.28%	1.09%	1.06%	1.01%	1.25%	1.12%	0.92%	0.95%	1.40%	1.01%	0.97%	1.07%	0.83%	1.03%	0.86%

PowerFleet's average Quarter SG&A projection for Mar 24 is $14.43M, based on 3 Wall Street analysts, with a range of $11.55M to $17.32M. The forecast indicates a -7.58% fall compared to PWFL last annual SG&A of $15.62M (Dec 23).

PowerFleet EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	2	1	1	1	1	1	1	1	1	1	1	1	13	8	8	9	12	7
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$-0.09	$-0.14	$-0.08	$0.11	$-0.05	$-0.06	$-0.00	$-0.08	$-0.19	$-0.10	$-0.04	$-0.05	$-0.08	$-0.02	$-0.09	$-0.12	$-0.18	$-0.12
Avg Forecast	-	-	-	-	$0.08	$0.07	$0.05	$0.03	$0.01	$-0.00	$-0.02	$-0.06	$-0.02	$-0.03	$-0.02	$0.03	$0.02	$-0.00	$-0.05	$-0.03	$-0.01	$0.04	$0.02	$0.02	$0.02	$-0.02	$-0.07	$-0.03	$0.06	$0.02
High Forecast	-	-	-	-	$0.08	$0.07	$0.05	$0.03	$0.01	$-0.00	$-0.02	$-0.05	$-0.02	$-0.03	$-0.02	$0.03	$0.02	$-0.00	$-0.05	$-0.03	$-0.01	$0.04	$0.02	$0.02	$0.02	$-0.02	$-0.07	$-0.03	$0.06	$0.02
Low Forecast	-	-	-	-	$0.08	$0.07	$0.05	$0.03	$0.01	$-0.00	$-0.02	$-0.08	$-0.02	$-0.03	$-0.02	$0.03	$0.02	$-0.00	$-0.05	$-0.03	$-0.01	$0.04	$0.02	$0.02	$0.02	$-0.02	$-0.07	$-0.03	$0.06	$0.02
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	4.58%	5.60%	5.02%	4.12%	-2.01%	19.47%	0.07%	2.76%	14.25%	-2.12%	-2.06%	-2.69%	-4.69%	1.17%	1.22%	4.72%	-2.81%	-6.67%

According to 1 Wall Street analysts, PowerFleet's projected average Quarter EPS for Jun 23 is $-0.02, with a low estimate of $-0.02 and a high estimate of $-0.02. This represents a -115.15% decrease compared to PWFL previous annual EPS of $0.11 (Mar 23).

PowerFleet Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
KVHI	KVH Industries	$5.78	$13.00	124.91%	Buy
CLFD	Clearfield	$31.96	$48.00	50.19%	Buy
KN	Knowles	$19.74	$25.00	26.65%	Buy
ADTN	ADTRAN	$8.40	$10.00	19.05%	Buy
EXTR	Extreme Networks	$18.12	$21.00	15.89%	Buy
ITI	Iteris	$7.19	$8.33	15.86%	Buy
CMTL	Comtech Telecommunications	$3.18	$3.50	10.06%	Hold
DGII	Digi	$33.11	$32.00	-3.35%	Buy

PWFL Forecast FAQ

Is PowerFleet a good buy?

Yes, according to 2 Wall Street analysts, PowerFleet (PWFL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of PWFL's total ratings.

What is PWFL's price target?

PowerFleet (PWFL) average price target is $9 with a range of $7 to $10, implying a 88.68% from its last price of $4.77. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will PowerFleet stock go up soon?

According to Wall Street analysts' prediction for PWFL stock, the company can go up by 88.68% (from the last price of $4.77 to the average price target of $9), up by 109.64% based on the highest stock price target, and up by 46.75% based on the lowest stock price target.

Can PowerFleet stock reach $7?

PWFL's average twelve months analyst stock price target of $9 supports the claim that PowerFleet can reach $7 in the near future.

What are PowerFleet's analysts' financial forecasts?

PowerFleet's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $328.63M (high $328.63M, low $328.63M), average EBITDA is $3.49M (high $3.49M, low $3.49M), average net income is $24.48M (high $24.48M, low $24.48M), average SG&A $149.21M (high $149.21M, low $149.21M), and average EPS is $0.228 (high $0.228, low $0.228). PWFL's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $376.75M (high $376.75M, low $376.75M), average EBITDA is $4M (high $4M, low $4M), average net income is $0 (high $0, low $0), average SG&A $171.06M (high $171.06M, low $171.06M), and average EPS is $0 (high $0, low $0).

Did the PWFL's actual financial results beat the analysts' financial forecasts?

Based on PowerFleet's last annual report (Dec 2022), the company's revenue was $135.16M, which missed the average analysts forecast of $135.57M by -0.30%. Apple's EBITDA was $563K, missing the average prediction of $1.86M by -69.80%. The company's net income was $-7.001M, missing the average estimation of $-10.301M by -32.04%. Apple's SG&A was $63M, beating the average forecast of $57.55M by 9.48%. Lastly, the company's EPS was $-0.2, beating the average prediction of $-0.0567 by 252.94%. In terms of the last quarterly report (Dec 2023), PowerFleet's revenue was $34.5M, beating the average analysts' forecast of $33.93M by 1.69%. The company's EBITDA was $2.03M, beating the average prediction of $360.4K by 464.37%. PowerFleet's net income was $-3.272M, beating the average estimation of $-2.143M by 52.70%. The company's SG&A was $15.62M, beating the average forecast of $15.4M by 1.39%. Lastly, the company's EPS was $-0.0916, beating the average prediction of $-0.02 by 358.00%