Why PowerFleet's Q2 Revenue Surge and Analyst Support Highlight Strong Upside Potential

PowerFleet, Inc. (NASDAQ:AIOT) is one of the best logistics‑tech stocks to buy now.

As of December 5, PowerFleet, Inc. (NASDAQ:AIOT) is a consensus Buy with all analysts covering it assigning a Buy or equivalent rating. The stock has declined by around 17% year to date, but the consensus 1-year median price target of $9.50 reflects an 81% potential upside.

Late November (26th) brought fresh analyst support when Barrington Research reaffirmed an “Outperform” rating on PowerFleet and reiterated a $15.00 price target, implying significant upside from current levels.

Beyond the rating, the real story comes from the company’s Q2 FY26 results (ended September 30, 2025). On November 10, 2025, Powerfleet, Inc. reported total revenue of $111.7 million—up 45% year‑over‑year (from $77.0 million in Q2 FY25) and rising 7.3% sequentially. Services revenue, a core segment, reached $89.3 million, rising 57% year‑over‑year. The firm delivered gross profit of $62.6 million with a 56% margin. Encouraged by the performance, Powerfleet raised its FY26 total revenue guidance to $435–$445 million, up from its prior $430–$440 million guide.

In management’s words, this quarter marked a milestone: double‑digit organic recurring revenue growth achieved ahead of schedule, driven by “expanding momentum” in its AI‑powered SaaS solutions and global traction across direct and indirect channels. They highlighted a 27% sequential improvement in product revenue and solid margin expansion amid challenging macro conditions. Even as the reported net loss stood at $4.3 million (about $0.03 per share), the company emphasized meaningful bottom‑line leverage thanks to synergy programs and scalable SaaS execution.

Powerfleet now appears to be leveraging both analyst optimism and strong operational results, with recurring‑revenue growth, better margins, and raised guidance creating a foundation for potential upside.

PowerFleet, Inc. (NASDAQ:AIOT) is a global AIoT SaaS company that provides fleet tracking, mobility and asset management, safety and compliance solutions for logistics, transportation and other mobile‑asset heavy industries.

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Disclosure: None.