Duos Technologies (DUOT, Financial) is progressing with its expansion strategy through its subsidiary, Duos Edge AI, by preparing to launch two new Edge Data Centers (EDCs) in Corpus Christi, Texas. These facilities are expected to be operational by the end of July and will function as crucial communication hubs. The EDCs are designed to support carriers servicing mobile operators, enterprises, educational institutions, healthcare, and the digital economy, aiming to bolster growth within the local market.
This initiative aligns with Duos Edge AI's plan to establish 15 EDCs across the United States by 2025, marking a significant step in enhancing edge infrastructure capabilities. This development signifies the company's commitment to advancing its edge network to meet growing demands and drive technological growth in various sectors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Duos Technologies Group Inc (DUOT, Financial) is $12.50 with a high estimate of $14.00 and a low estimate of $11.00. The average target implies an upside of 57.83% from the current price of $7.92. More detailed estimate data can be found on the Duos Technologies Group Inc (DUOT) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Duos Technologies Group Inc's (DUOT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Duos Technologies Group Inc (DUOT, Financial) in one year is $2.30, suggesting a downside of 70.96% from the current price of $7.92. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Duos Technologies Group Inc (DUOT) Summary page.
