Market Movements: U.S. stock futures showed mixed results following record highs on Tuesday, with investors awaiting key inflation data for August, which could influence Federal Reserve interest rate decisions.
Sector Performance: Most sectors in the S&P 500 closed positively, particularly utilities and healthcare, while materials and industrials lagged. UnitedHealth Inc. saw significant gains after a positive outlook on its Medicare Advantage business.
Analyst Insights: Analysts remain optimistic about the U.S. stock market's potential for further gains, citing historical trends and the impact of AI on corporate profits, while also emphasizing the importance of selectivity in emerging markets.
Commodities and Global Markets: Crude oil and gold prices rose, and Asian markets closed higher, indicating a positive global market sentiment, with European markets also showing gains in early trading.
Wall Street analysts forecast DAKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DAKT is 31.00 USD with a low forecast of 31.00 USD and a high forecast of 31.00 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.
1 Analyst Rating
Wall Street analysts forecast DAKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DAKT is 31.00 USD with a low forecast of 31.00 USD and a high forecast of 31.00 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.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 21.910
Low
31.00
Averages
31.00
High
31.00
Current: 21.910
Low
31.00
Averages
31.00
High
31.00
Craig-Hallum
Aaron Spychalla
Strong Buy
Initiates
$26
Al Analysis
2025-01-22
Reason
Craig-Hallum
Aaron Spychalla
Price Target
$26
Al Analysis
2025-01-22
Initiates
Strong Buy
Reason
About DAKT
Daktronics, Inc. is a global designer and manufacturer of dynamic video communication displays and control systems for customers worldwide. Commercial segment consists of sales of its integrated video display systems, digital billboards, Galaxy and Fuelight product lines, and dynamic messaging systems. Live Events segment consists of sales of integrated scoring and video display systems, and sales of its mobile display technology to video rental organizations and other live event-type venues. High School Park and Recreation segment consists of sales of scoring systems, Galaxy displays and video display systems to primary and secondary education facilities and resellers. Transportation segment consists of sales of intelligent transportation systems, dynamic messaging signs for road management, mass transit, aviation applications and others. Its MicroLED fabrication offers advanced display solutions with pixel pitches for large-format video walls and medium-sized commercial displays.
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.
