UPDATE: Northland Capital Markets Starts Duos Technologies Group (DUOT) at Outperform

Northland Capital Markets analyst Michael Latimore initiates coverage on Duos Technologies Group (NASDAQ: DUOT) with a Outperform rating and a price target of $10.00.

The analyst comments "Duos is in the unique position to create a market, automated train and truck safety inspection. The first major opportunity is in the class 1 freight rail market, where Duos' sensors and AI are automating train inspections. Their technology is augmenting the 150 year old manual process. New initiatives over the past year have led to an improved and diverse backlog entering FY22. We estimate $16.7 million in revenue, and are initiating coverage with a $10 target."

For an analyst ratings summary and ratings history on Duos Technologies Group click here. For more ratings news on Duos Technologies Group click here.

Shares of Duos Technologies Group closed at $5.62 yesterday.

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