Raymond James lowered its price target on PowerFleet, Inc. to $7 from $8 while maintaining an Outperform rating, even as the company's fourth-quarter results beat expectations and its fiscal 2027 outlook strengthened. Total revenue rose 11% year-over-year and adjusted EBITDA jumped 42% year-over-year in the fourth quarter. The firm cited solid subscription-based services growth, surging annual recurring revenue, enhanced adoption, accelerating demand for AI video and in-warehouse solutions, channel growth, and margin expansion as drivers of the improved performance. PowerFleet, a New Jersey-based provider of artificial intelligence-of-things solutions, remains focused on investments in go-to-market capabilities, channel partnerships, and South African deployment.
PowerFleet, Inc.Raymond James maintained Outperform rating and highlighted strong Q4 results, revenue growth, EBITDA jump, and improved outlook.
Five9 Inc
Raymond James Financial Inc.