Fintel reports that on January 22, 2025, Craig-Hallum initiated coverage of Daktronics (NasdaqGS:DAKT) with a Buy recommendation.
Analyst Price Forecast Suggests 44.31% Upside
As of December 23, 2024, the average one-year price target for Daktronics is $25.50/share. The forecasts range from a low of $22.22 to a high of $29.40. The average price target represents an increase of 44.31% from its latest reported closing price of $17.67 / share.
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The projected annual revenue for Daktronics is 813MM, a decrease of 0.94%. The projected annual non-GAAP EPS is 1.36.
What is the Fund Sentiment?
There are 371 funds or institutions reporting positions in Daktronics. This is an increase of 42 owner(s) or 12.77% in the last quarter. Average portfolio weight of all funds dedicated to DAKT is 0.15%, an increase of 17.48%. Total shares owned by institutions increased in the last three months by 3.72% to 36,954K shares. 
The put/call ratio of DAKT is 0.16, indicating a bullish outlook.
What are Other Shareholders Doing?
Duquesne Family Office holds 2,568K shares representing 5.47% ownership of the company. In its prior filing, the firm reported owning 2,494K shares , representing an increase of 2.91%. The firm decreased its portfolio allocation in DAKT by 5.81% over the last quarter.
Progeny 3 holds 2,285K shares representing 4.86% ownership of the company. In its prior filing, the firm reported owning 1,795K shares , representing an increase of 21.43%. The firm increased its portfolio allocation in DAKT by 3.26% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,327K shares representing 2.82% ownership of the company. No change in the last quarter.
American Century Companies holds 1,248K shares representing 2.66% ownership of the company. In its prior filing, the firm reported owning 870K shares , representing an increase of 30.29%. The firm increased its portfolio allocation in DAKT by 26.02% over the last quarter.
Breach Inlet Capital Management holds 1,247K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 1,432K shares , representing a decrease of 14.81%. The firm decreased its portfolio allocation in DAKT by 11.50% over the last quarter.
Daktronics Background Information
(This description is provided by the company.)
Daktronics has strong leadership positions in, and is the world's largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The company excels in the control of display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, and one International business unit.
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This story originally appeared on Fintel.
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