PowerFleet, Inc. (PWFL)
NASDAQ: PWFL · IEX Real-Time Price · USD
5.34
+0.40 (8.10%)
At close: Mar 28, 2024, 4:00 PM
5.07
-0.27 (-5.04%)
After-hours: Mar 28, 2024, 5:39 PM EDT

PowerFleet Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for PowerFleet stock have an average target of 8.40, with a low estimate of 7.00 and a high estimate of 10. The average target predicts an increase of 57.30% from the current stock price of 5.34.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $7.00 $8.40 $9.00 $10
Change +31.09% +57.30% +68.54% +87.27%

Analyst Ratings

The average analyst rating for PowerFleet stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 333334
Buy 111111
Hold 000000
Sell 000000
Strong Sell 000000
Total 444445

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Craig-Hallum
Craig-Hallum
Strong Buy
Initiates
$9
Strong Buy Initiates $9 +68.54% Mar 15, 2024
Lake Street
Lake Street
Strong Buy
Maintains
$4$7
Strong Buy Maintains $4$7 +31.09% Mar 13, 2024
Canaccord Genuity
Canaccord Genuity
Strong Buy
Maintains
$6$10
Strong Buy Maintains $6$10 +87.27% Mar 13, 2024
Barrington Research
Barrington Research
Buy
Maintains
$7
Buy Maintains $7 +31.09% Mar 12, 2024
Lake Street
Lake Street
Strong Buy
Reiterates
$4
Strong Buy Reiterates $4 -25.09% Dec 28, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
136.10M
from 135.16M
Increased by 0.70%
Revenue Next Year
150.13M
from 136.10M
Increased by 10.31%
EPS This Year
-0.26
from -0.34
EPS Next Year
-0.19
from -0.26
Year 20182019202020212022202320242025
Revenue
53.06M81.92M113.59M126.21M135.16M136.10M150.13M158.27M
Revenue Growth
29.56%54.37%38.67%11.11%7.09%0.70%10.31%5.42%
EPS
-0.34-0.59-0.46-0.52-0.34-0.26-0.19-0.16
EPS Growth
--------
No. Analysts -----554
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202320242025
High 140.9M 156.7M 162.9M
Avg 136.1M 150.1M 158.3M
Low 130.1M 141.7M 152.1M

Revenue Growth

Revenue Growth 202320242025
High
4.3%
15.1%
8.5%
Avg
0.7%
10.3%
5.4%
Low
-3.7%
4.1%
1.3%

EPS Forecast

EPS 202320242025
High -0.20 0.03 -0.17
Avg -0.26 -0.19 -0.16
Low -0.31 -0.39 -0.16

EPS Growth

EPS Growth 202320242025
High - - -
Avg - - -
Low - - -
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.