Ascendiant Capital analyst Edward Woo has maintained a Buy rating on Duos Technologies Group, raising the price target to $22 from $17. The adjustment reflects increased confidence in the company's valuation following recent market performance.

Rating and Price Target

The analyst's decision to retain the Buy rating accompanies a revised price objective. The new target of $22 represents a significant increase from the previous $17 level.

Duos Technologies Group trades on the NASDAQ under the ticker symbol DUOT.

Duos Technologies Group, Inc. has appointed Adrian Goldfarb as Interim Chief Financial Officer, effective June 8, 2026, to lead financial operations during a transition period. The company expects to announce a permanent replacement within 60 to 90 days. Goldfarb will also head a search committee to identify a long-term successor for the role.

Concurrent with Goldfarb's appointment, Leah Brown resumed her previous position as Senior Vice President of Accounting. Brown had been serving as the company's Chief Financial Officer prior to this change.

Goldfarb brings extensive experience within Duos Technologies to the interim role. He has served as President of Duos Technologies, Inc. since March 2026, overseeing operations and the planned divestment of the company's rail industry subsidiary. He previously held the position of Chief Financial Officer from April 2024 to November 2025 and again from 2015 to 2022. His tenure with the company also includes a role as Director from April 2010 to November 2020.

Before his recent executive roles, Goldfarb served as a Strategic Advisor to the Chief Executive Officer starting November 2025. He was instrumental in the company's 2020 listing on the Nasdaq Capital Market. Prior to his initial tenure as CFO, he was President and Chief Financial Officer of Information Systems Associates, Inc., which merged with Duos Technologies, Inc. in April 2015.

Executive Background

Goldfarb's career spans 40 years in the technology industry, including over 30 years in information technology and 10 years in media and communications. He currently serves as non-Executive Chairman of GelStat Corporation, a public company focused on industrial security technology.

His previous roles include serving as CFO for Ecosphere Technologies, where he oversaw growth from $0 to $24 million and achieving profitability. He was also Managing Director of WSI Europe, a division of the Weather Channel, from 1998 to 2002, and interim-CFO for MOWIS GmbH from 2002 to 2007. Goldfarb began his career at IBM, managing an account team for Latin America and Southeast Asia.