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Where Does Wall Street Think PowerFleet Inc (PWFL) Stock Will Go?

Thursday, March 04, 2021 03:15 PM | InvestorsObserver Analysts

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Where Does Wall Street Think PowerFleet Inc (PWFL) Stock Will Go?

Wall Street is positive on PowerFleet Inc (PWFL). On average, analysts give PowerFleet Inc a Strong Buy rating. The average price target is $10.166, which means analysts expect the stock to rise by 14.22% over the next twelve months.

That average ranking earns PowerFleet Inc an Analyst Rating of 78, which is better than 78% of stocks based on data compiled by InvestorsObserver.

Overall Score - 5
Wall Street analysts are rating PWFL a Strong Buy today. Find out what this means to you and get the rest of the rankings on PWFL!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.

InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With PowerFleet Inc Stock Today?

PowerFleet Inc (PWFL) stock has gained 1.42% while the S&P 500 is down -1.39% as of 3:13 PM on Thursday, Mar 4. PWFL is up $0.13 from the previous closing price of $8.78 on volume of 399,949 shares. Over the past year the S&P 500 has gained 20.34% while PWFL is up 23.27%. PWFL lost -$0.52 per share the over the last 12 months.

Click Here to get the full report on PowerFleet Inc (PWFL) Stock.

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