Daktronics Amends Credit Agreement with JPMorgan Chase

An update from Daktronics ( (DAKT) ) is now available.

On June 10, 2025, Daktronics, Inc. entered into a Consent and Amendment No. 4 to its Credit Agreement, effective June 6, 2025, with JPMorgan Chase Bank and other parties. This amendment allows Daktronics to secure Letters of Credit with terms extending beyond the Credit Agreement’s maturity date of May 11, 2026, under specific conditions. The amendment also outlines financial obligations and maturity dates for the company’s repayment commitments, ensuring that funds are set aside to cover any unreimbursed amounts owed to lenders. As of the report date, Daktronics had no outstanding borrowings under the Credit Agreement, with approximately $3.4 million in outstanding Letters of Credit.

The most recent analyst rating on (DAKT) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on Daktronics stock, see the DAKT Stock Forecast page.

Spark’s Take on DAKT Stock

According to Spark, TipRanks’ AI Analyst, DAKT is a Neutral.

Daktronics presents a stable financial position with strong revenue growth and cash flow. However, declining net income margins and a negative valuation due to a high P/E ratio are concerns. Technical indicators show mixed signals, with slight downward pressure. Recent corporate events and strategic initiatives provide positive potential for long-term growth, but current operational challenges and market conditions present risks.

To see Spark’s full report on DAKT stock, click here.

More about Daktronics

Average Trading Volume: 451,186

Technical Sentiment Signal: Strong Buy

Current Market Cap: $711.5M

Find detailed analytics on DAKT stock on TipRanks’ Stock Analysis page.