Rekor Technology Drives South Carolina's "Virtual Weigh Stations," Earns State Technology Innovation Award with Nearly Flawless Overweight Truck Targeting Model for Other States to Emulate | Intellectia.AI
Rekor Technology Drives South Carolina's "Virtual Weigh Stations," Earns State Technology Innovation Award with Nearly Flawless Overweight Truck Targeting Model for Other States to Emulate
Written by Emily J. Thompson, Senior Investment Analyst
Award Recognition: South Carolina's Office of Information Technology, in collaboration with the State Transport Police and SCDOT, won the State Technology Innovation Award for implementing "virtual weigh stations" using Rekor technology, which enhances vehicle weight detection and inspection efficiency.
Technology Benefits: The virtual weigh stations allow for real-time identification of overweight trucks, reducing unnecessary stops for compliant vehicles, improving safety, and lowering costs associated with traditional weigh stations.
Operational Efficiency: The new system enables transport police to identify all overweight trucks during enforcement operations, significantly increasing the number of detected violations compared to previous methods.
Future Implications: The success of this technology in South Carolina may encourage other transportation departments nationwide to adopt similar models, enhancing roadway safety and compliance through data-driven enforcement.
Wall Street analysts forecast REKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for REKR is 3.25 USD with a low forecast of 2.50 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast REKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for REKR is 3.25 USD with a low forecast of 2.50 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.450
Low
2.50
Averages
3.25
High
4.00
Current: 1.450
Low
2.50
Averages
3.25
High
4.00
Clear Street
Tim Moore
Buy
maintain
Al Analysis
2025-10-14
Reason
Clear Street
Tim Moore
Price Target
Al Analysis
2025-10-14
maintain
Buy
Reason
Clear Street analyst Tim Moore raised the firm's price target on Rekor Systems to $2.50 from $2.25 and keeps a Buy rating on the shares after the company pre-released an "impressive beat" for revenue and gross margin in the September quarter. Following the pre-release, the firm increased its 2025 and 2026 sales estimates by 4% each, the analyst noted.
Clear Street
Buy
downgrade
2025-08-13
Reason
Clear Street
Price Target
2025-08-13
downgrade
Buy
Reason
Clear Street lowered the firm's price target on Rekor Systems 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.
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About REKR
Rekor Systems, Inc. is engaged in developing and implementing roadway intelligence systems using artificial intelligence (AI)-enabled computer vision and machine learning. The Company delivers mission-critical traffic and engineering services. It collects, connects and organizes the mobility data, and making it accessible and useful to its customers for real-time insights and decisioning for situational awareness, rapid response, risk mitigation, and predictive analytics for resource and infrastructure planning and reporting. Rekor One is its AI-powered roadway intelligence platform, serving multiple missions with modular and rapid development capabilities. Its products and solutions include Rekor Command for transportation management, Rekor Discover for urban mobility, and Rekor Scout for public safety, plus various commercial use cases. Its subsidiaries include Rekor Recognition Systems, Inc., Waycare Technologies, Ltd., Southern Traffic Services, Inc., and All Traffic Data Systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
