Top 10 Trending AI News Updates And Analyst Ratings

6. PowerFleet Inc. (NASDAQ:AIOT)

Number of Hedge Fund Holders: 16

PowerFleet Inc. (NASDAQ:AIOT) offers “artificial intelligence of things” (AIoT) SaaS products that enable tracking, securing, and managing enterprise assets like vehicles, containers, and industrial trucks via wireless IoT technology. The company’s solutions allow clients to analyze data from mobile assets to improve operational efficiency and reduce overheads.

On February 11th, Northland increased PowerFleet Inc.’s (NASDAQ:AIOT) price target to $11 from $10 and maintained an “Outperform” stock rating after the firm’s Q3 results beat revenue and adjusted EBITDA estimates. The brokerage likes the “solid execution” in Q3, new high-value customer wins, strong results with its AI camera products, and continued advancement on its cost savings roadmap.