Rekor Systems price target lowered to $2.25 from $2.50 at Clear Street

Clear Street lowered the firm’s price target on Rekor Systems (REKR) to $2.25 from $2.50 and keeps a Buy rating on the shares after the company reported “soft” June quarter sales results. The firm reduced its 2025 sales forecast by 8% and its 2026 sales forecast by 7% to reflect the delay in securing another large contract, but notes that either one in Florida or Georgia could add $5M-$7M in sales to its 2026 revenue forecast if either is won and begins quickly enough.