Powerfleet, Inc. (Nasdaq: PWFL) today announced that they are set to join the small-cap Russell 2000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, 2024, according to a preliminary list of additions posted Friday, May 24, 2024.
In the latest trading session, PowerFleet (PWFL) closed at $5.23, marking a -0.19% move from the previous day.
The average of price targets set by Wall Street analysts indicates a potential upside of 60.9% in PowerFleet (PWFL). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.