Rekor Systems Secures $1.2M Contract with Sun Belt State

Rekor Systems ( (REKR) ) has shared an update.

On June 6, 2025, Rekor Systems announced a significant contract with a Sun Belt state transportation agency to deploy 150 Rekor Discover® systems under a one-year Data-as-a-Service contract worth $1.2 million. This initiative aims to modernize traffic data collection and monitoring using AI-enabled sensors, replacing outdated and intrusive technologies. The deployment is part of a broader trend where Rekor’s solutions are being adopted by various U.S. states, indicating strong momentum in the domestic market and potential for international expansion.

The most recent analyst rating on (REKR) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Rekor Systems stock, see the REKR Stock Forecast page.

Spark’s Take on REKR Stock

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

Rekor Systems faces significant profitability and cash flow challenges, impacting its financial health and investor confidence. Technical indicators show mixed signals, with valuation concerns further affecting the score. Despite some positive strategic shifts and a major contract win, the overall outlook remains cautious.

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

More about Rekor Systems

Rekor Systems, Inc. is a leader in developing and implementing state-of-the-art roadway intelligence systems using AI-enabled computer vision and machine learning. The company focuses on creating digital infrastructure to collect, connect, and organize mobility data, providing comprehensive insights for safer and more efficient roadways.

Average Trading Volume: 4,496,936

Technical Sentiment Signal: Hold

Current Market Cap: $188.9M

For detailed information about REKR stock, go to TipRanks’ Stock Analysis page.