Key Highlights:
- Daktronics (DAKT, Financial) appoints new interim leadership amid robust growth figures.
- The company's backlog increased by 29%, and sales rose 15% in Q3.
- Analysts foresee a potential upside of 43.02% from current price levels.
Daktronics (DAKT) has strategically appointed Brad Wiemann as interim CEO and Howard Atkins as CFO, marking a significant management transition. This change comes in the wake of remarkable growth metrics, including a 29% surge in backlog and a 15% uplift in sales from the previous quarter, fueled by strategic initiatives and significant project acquisitions.
Wall Street Analysts Forecast
According to projections from three analysts over the next year, Daktronics Inc (DAKT, Financial) has an average target price of $20.67. The projections span a high of $24.00 and a low of $16.00, suggesting an upward potential of 43.02% from the current trading price of $14.45. For more in-depth forecast details, visit the Daktronics Inc (DAKT) Forecast page.
The brokerage consensus, based on insights from two firms, rates Daktronics Inc's (DAKT, Financial) shares at an average of 1.5, indicating a "Buy" recommendation. This rating system ranges from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell.
GuruFocus estimates project Daktronics Inc (DAKT, Financial) will have a GF Value of $7.75 in one year, which implies a potential downside of 46.37% from the current price of $14.45. The GF Value is designed to represent the fair trading value of a stock, calculated based on historical trading multiples, prior business growth, and future performance estimates. For more comprehensive analysis, visit the Daktronics Inc (DAKT) Summary page.
