Ascendiant Capital Markets Forecasts Strong Price Appreciation for Duos Technologies Group (NASDAQ:DUOT) Stock

Key Points

• Ascendiant Capital Markets raised Duos Technologies Group’s price target from $22 to $24 and maintained a “Buy” rating, implying approximately 190.56% upside from the prior close.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average target price of $25.50; other firms recently issued Buy, Overweight, or Hold opinions.
• DUOT opened at $8.26, with a market capitalization of about $242 million, while institutional investors and hedge funds own 42.61% of the shares; Squarepoint Ops and Alyeska Investment Group recently increased their holdings.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) had its target price hoisted by research analysts at Ascendiant Capital Markets from $22.00 to $24.00 in a research note issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. Ascendiant Capital Markets' target price indicates a potential upside of 190.56% from the company's previous close.

A number of other equities analysts have also weighed in on the company. Zacks Research upgraded Duos Technologies Group from a "strong sell" rating to a "hold" rating in a research note on Monday, June 15th. Cantor Fitzgerald upped their price target on Duos Technologies Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. Weiss Ratings raised shares of Duos Technologies Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 4th. Finally, Wall Street Zen upgraded Duos Technologies Group from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.50.

Duos Technologies Group Price Performance

NASDAQ:DUOT opened at $8.26 on Monday. The company has a fifty day moving average price of $9.06 and a 200 day moving average price of $9.29. The stock has a market cap of $242.18 million, a P/E ratio of 8.34 and a beta of 1.33. Duos Technologies Group has a one year low of $6.17 and a one year high of $15.28.

Institutional Investors Weigh In On Duos Technologies Group

A number of hedge funds have recently modified their holdings of DUOT. Squarepoint Ops LLC raised its holdings in Duos Technologies Group by 502.7% in the 2nd quarter. Squarepoint Ops LLC now owns 134,888 shares of the company's stock valued at $1,619,000 after buying an additional 112,508 shares during the period. California State Teachers Retirement System purchased a new stake in shares of Duos Technologies Group in the second quarter valued at about $52,000. Alyeska Investment Group L.P. increased its stake in Duos Technologies Group by 4.9% in the 2nd quarter. Alyeska Investment Group L.P. now owns 2,000,000 shares of the company's stock valued at $24,000,000 after buying an additional 93,341 shares during the period. Bank of America Corp DE acquired a new position in shares of Duos Technologies Group during the 2nd quarter worth $237,000. Finally, Legal & General Group Plc purchased a new position in shares of Duos Technologies Group in the second quarter valued at $31,000. 42.61% of the stock is currently owned by institutional investors and hedge funds.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc provides advanced non-intrusive security and inspection solutions utilizing motion-based and artificial intelligence technologies. The company's core offerings include intelligent video analytics, RFID checkpoint systems, and specialized screening devices designed to detect security threats and contraband across transportation, logistics and critical infrastructure environments. Duos integrates proprietary hardware with software to deliver automated inspection and monitoring tools that enhance safety and operational efficiency.

Among its primary products are automated gate-entry systems, railcar inspection portals and portable screening devices that use AI-driven image recognition and sensor fusion to identify objects such as unauthorized materials, pipeline anomalies or vehicle defects.

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