Cantor Fitzgerald Starts Duos Technologies Group (DUOT) at Overweight, 'Under The Radar AI Data Center Play'

Cantor Fitzgerald analyst Brett Knoblauch initiates coverage on Duos Technologies Group (NASDAQ: DUOT) with a Overweight rating and a price target of $26.00.

The analyst comments "We are initiating coverage of Duos Technologies Group (DUOT) with an OW rating and PT of $26. We believe DUOT is an under-the-radar AI infrastructure play servicing a unique part of the AI training and inferencing market. Led by Doug Recker, a seasoned data center founder (two successful exits), DUOT is buying up and refurbishing smaller sites and then leasing those sites to both hyperscalers and enterprise customers. Unit economics are very attractive, as demonstrated by a 10 MW deal with an IG hyperscaler whereby DUOT's yield on cost is close to 30%. We believe DUOT's strategy is one that can scale quickly, is highly profitable, and is targeting a segment of the market that many peers are ignoring. We do not believe current valuation reflects this, and we see a significant re-rating opportunity on the horizon."

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 $8.14 yesterday.

You May Also Be Interested In

• Boeing names Ryan Shedd as new SVP and controller
• Real and RE/MAX Holdings receive court approval for merger
• Wolfe Research sees CNH stock flat 2027 outlook on commodity prices