Core Viewpoint - PowerFleet, Inc. (NASDAQ:AIOT) is identified as a strong logistics-tech stock with significant upside potential, supported by positive analyst ratings and robust operational performance [1][5]. Analyst Ratings - As of December 5, PowerFleet is rated a consensus Buy by all analysts, with a median price target of $9.50, indicating an 81% potential upside from current levels [1]. - Barrington Research reaffirmed an "Outperform" rating on November 26, setting a price target of $15.00, suggesting substantial upside from current prices [2]. Financial Performance - In Q2 FY26, PowerFleet reported total revenue of $111.7 million, a 45% increase year-over-year from $77.0 million in Q2 FY25, and a 7.3% sequential rise [3]. - Services revenue, a key segment, reached $89.3 million, reflecting a 57% year-over-year growth [3]. - The company achieved a gross profit of $62.6 million with a 56% margin, and raised its FY26 total revenue guidance to $435–$445 million, up from $430–$440 million [3][4]. Operational Highlights - Management noted a milestone in achieving double-digit organic recurring revenue growth ahead of schedule, driven by momentum in AI-powered SaaS solutions and global traction [4]. - There was a 27% sequential improvement in product revenue, alongside solid margin expansion despite challenging macro conditions [4]. - Although the reported net loss was $4.3 million (approximately $0.03 per share), the company emphasized meaningful bottom-line leverage from synergy programs and scalable SaaS execution [4]. Company Overview - PowerFleet 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 [5].