PowerFleet Target Raised to $7 After $443.8M Revenue and 42% EBITDA Growth
AIOT•PowerFleet’s price target rose to $7.00, suggesting 69.1% upside after $443.8 million fiscal 2026 revenue and 11% Q4 top-line growth with 42% EBITDA gains. It secured a $100–120 million South African contract and forecasts FY27 revenue of $485–490 million, $122–125 million EBITDA and $30–35 million free cash flow.
1. Price Target Increase
An analyst raised PowerFleet’s price target to $7.00, implying a 69.1% upside from current levels.
2. Fiscal 2026 Performance
PowerFleet reported $443.8 million in fiscal 2026 revenue and achieved $34 million in annualized cost savings through operational restructuring. Q4 revenue grew 11% year-over-year to $114.5 million, while adjusted EBITDA rose 42% to $26.4 million, driving a 78% reduction in net loss.
3. Major South African Contract
The company secured a five-year agreement with the South African National Treasury valued at $100–120 million, bolstering its international order book and recurring revenue stream.
4. FY27 Guidance
Management projects FY27 revenue of $485–490 million, adjusted EBITDA of $122–125 million and free cash flow between $30–35 million, with leverage expected below 2x.
