Wednesday, September 23, 2015 7:46:59 AM
StreetInsider.com Top Tickers, 9/23/2015
Needham & Company upgraded Daktronics (NASDAQ: DAKT) from Hold to Buy with a price target of $10.00, citing an attractive risk reward.
Analyst James Ricchiuti commented, "We are raising our rating on DAKT to Buy from Hold. Shares have continued to fall since the FQ1 miss and are down 25% in the last month (vs down ~1.4% for the S&P 500). DAKT shares are trading toward the low end of their 5-year range on a variety of metrics, providing investors with an attractive risk-reward opportunity, in our view. DAKT entered FQ2, normally a seasonally strong qtr, with a record backlog, including a large number of center-hung display projects for the indoor market. Given the timing of the indoor sports season, the vast majority of these projects needs to be completed in FQ2 (ending Oct), which gives us confidence that FQ2 guidance is achievable and possibly conservative. We are establishing a target price of $10, or 13x our out-year EPS estimate, adjusting for net cash, representing 21% appreciation potential from yesterday’s close."
For an analyst ratings summary and ratings history on Daktronics click here. For more ratings news on Daktronics click here.
Shares of Daktronics closed at $8.24 yesterday.
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http://www.streetinsider.com/Analyst+Comments/Needham+%26+Company+Upgrades+Daktronics+%28DAKT%29+to+Buy/10913592.html
DAKT
Recent DAKT News
- Daktronics to Present at Sidoti Small-Cap Virtual Conference March 13-14 • GlobeNewswire Inc. • 03/08/2024 08:00:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/28/2024 03:39:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 03:12:35 PM
- Daktronics, Inc. Announces 2024 Fiscal Third Quarter Results • GlobeNewswire Inc. • 02/28/2024 12:30:00 PM
- Daktronics, Inc. to Release Third Quarter Fiscal 2024 Financial Results • GlobeNewswire Inc. • 02/20/2024 07:10:58 PM
- Daktronics to Present at January 2024 Investor Conferences • GlobeNewswire Inc. • 01/11/2024 09:07:52 PM
- Detroit Tigers Unleash Second-Largest Video Display in Baseball from Daktronics • GlobeNewswire Inc. • 12/15/2023 03:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/05/2023 09:52:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 03:39:28 PM
- Daktronics, Inc. Announces 2024 Fiscal Second Quarter Results • GlobeNewswire Inc. • 12/05/2023 12:30:00 PM
- Daktronics to Present at Singular Research Best of the Uncovered Conference • GlobeNewswire Inc. • 12/01/2023 08:01:21 PM
- Daktronics to Present at Noble Capital Markets’ 19th Annual Emerging Growth Equity Conference • GlobeNewswire Inc. • 11/30/2023 08:26:13 PM
- Daktronics, Inc. to Release Second Quarter Fiscal 2024 Financial Results • GlobeNewswire Inc. • 11/27/2023 09:40:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/18/2023 05:26:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/16/2023 05:12:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 10/11/2023 09:01:37 PM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 10/11/2023 04:34:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/15/2023 04:49:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2023 09:20:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2023 09:15:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2023 09:13:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2023 09:10:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2023 09:09:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/13/2023 09:08:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2023 07:53:13 PM
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