Lake Street Maintains Buy on PowerFleet, Lowers Price Target to $4
Portfolio Pulse from jenniferd'souza@benzinga.com
Lake Street analyst Jaeson Schmidt maintains a 'Buy' rating on PowerFleet (NASDAQ:PWFL) but has lowered the price target from $5 to $4.
August 09, 2023 | 2:54 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Despite the lowered price target, PowerFleet maintains a 'Buy' rating from Lake Street analyst Jaeson Schmidt.
The lowered price target could indicate a potential downside for PowerFleet's stock. However, the maintained 'Buy' rating suggests that the analyst still sees potential upside in the stock, which could balance out the impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100