Duos Technologies Expands into Illinois Market with Additional Deployment in Texas
Duos Technologies Group, through its operating subsidiary Duos Edge AI announced its additional deployment in Texas as well as its expansion into the Illinois market, serving the Greater Chicagoland Area. Duos Edge AI also announced the addition of two EDCs to support Carrier Neutral needs in the Lubbock market which further builds on the strong momentum in Texas. Duos has deployed multiple EDCs to support Education, Healthcare, and Service Providers, including recent activities in the Amarillo, Victoria, Waco, Dumas and Corpus Christi markets. The Chicagoland deployment represents the first of multiple planned Midwest installations as the Company broadens its geographic footprint, and the Lubbock market emphasizes the focus on service provider demands.
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Duos Technologies (DUOT) Expands AI Platform, Shares Surge 13.03%
- Stock Surge: Duos Technologies shares rose 13.03% to $11.49, reflecting strong market confidence in the expansion of its Duos EDGE AI platform, which is expected to enhance the company's market position in safety and automation.
- Market Expansion: The company announced the rollout of its AI-driven safety and automation solutions in Texas and new markets, which is anticipated to drive increased adoption among existing clients and create opportunities with new customer segments and geographies, enhancing future growth potential.
- Active Trading: On the day of the announcement, DUOT's trading volume was significantly above its average daily level, indicating strong investor interest in the company's expansion plans, further propelling the stock price upward.
- Price Volatility: DUOT opened at $10.50, reached an intraday high of $11.60, and a low of $10.48, reflecting optimistic market expectations for its future performance, with a 52-week price range of $4.50 - $12.10, indicating considerable price volatility.

Ascendiant Raises Duos Technologies Price Target to $14
- Price Target Increase: Ascendiant Capital raised the price target for Duos Technologies Group, Inc. from $11.5 to $14, with analyst Edward Woo maintaining a Buy rating, indicating confidence in the company's future growth potential.
- Market Performance: Duos Technologies shares closed at $10.17 on Monday, suggesting that despite the price target increase, the market remains cautious about its potential, as the current price is still below the new target.
- Maison Solutions Target Adjustment: Ascendiant Capital also raised the price target for Maison Solutions Inc. from $4.25 to $4.5 while maintaining a Buy rating, reflecting optimism about its business outlook.
- Mereo BioPharma Downgrade: Jefferies cut the price target for Mereo BioPharma Group plc from $7 to $0.5 and downgraded the stock from Buy to Hold, indicating concerns about its future performance.









