Duos Technologies price target raised to $14 from $11.50 at Ascendiant

Ascendiant raised the firm’s price target on Duos Technologies (DUOT) to $14 from $11.50 and keeps a Buy rating on the shares. The company inline Q3 results and maintained its “strong” outlook for 2025, the analyst tells investors in a research note. The firm believes growth in Duos’ data center business over the next year should drive stock “much higher.”