PowerFleet, Inc. (NASDAQ:AIOT) is among the best low priced stocks to get rich in 2026.
On June 16, Raymond James cut the price target on PowerFleet, Inc. (NASDAQ:AIOT) to $7, down from $8
This comes despite the company’s Q4 results surpassing expectations and a strengthened FY27 outlook pointing to stronger growth and profitability into year-end. As noted by Raymond James, the improved performance will be driven by various factors, including solid subscription-based services growth, surging annual recurring revenue, and enhanced adoption. The firm has an Outperform rating on the stock.
Moreover, accelerating demand for AI video and in-warehouse solutions, along with channel growth and margin expansion, point to the same positive, bigger-picture trend, the firm added. Thanks to these drivers, PowerFleet, Inc. (NASDAQ:AIOT) is one of the best low-priced stocks to get rich in 2026. In PowerFleet, Inc.’s (NASDAQ:AIOT) results delivered a day earlier, total revenue and adjusted EBITDA were up 11% YoY and 42% YoY, respectively, in Q4.