Northland analyst Michael Latimore raised the firm’s price target on Duos Technologies (DUOT) to $10 from $5.50 and keeps an Outperform rating on the shares following the Q3 report. The firms says that “in a matter of a couple quarters, Duos has greatly expanded its growth opportunities.” Building on edge data center experience with its railcar inspection business, Duos launched a broader edge data center business and a power business which now has a $42M contract, the analyst tells investors in a research note.
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Read More on DUOT:
- Duos Technologies Group Sees 112% Revenue Surge in Q3
- Duos Technologies Reports Mixed Q3 2024 Results
- Duos Technologies Group signs $42M asset management agreement with Fortress
- DUOT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Duos Technologies Group acquires additional Edge Data Centers
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
