
Data I/O (DAIO) Stock Forecast & Price Target
Data I/O (DAIO) Analyst Ratings
Bulls say
Data I/O Corp is positioned to achieve double-digit revenue growth, bolstered by the integration of the SentriX security solution, which is expected to enhance recurring revenue and improve both gross and operating margins. Recent first-quarter revenue growth indicates a strong industry performance, creating a favorable environment for the company's expansion and value creation for shareholders. Additionally, despite incurring one-time costs related to cybersecurity audits and executive transitions in the third quarter, the company demonstrated improved margins in its core operations, suggesting a strengthening financial foundation.
Bears say
Data I/O Corp reported a decrease in quarterly revenue from $5.9 million in Q2, with the third quarter resulting in an EPS loss of ($0.08). The company faces challenges stemming from declining economic and market conditions, which could lead to reduced sales and spending by customers, further adversely affecting revenue streams. Additionally, despite projections of a revenue rebound in 2024, the anticipated 24% decline in revenues, ongoing EPS losses, and increased operating expenses for sales and marketing heighten the overall negative outlook for Data I/O's financial performance.
This aggregate rating is based on analysts' research of Data I/O and is not a guaranteed prediction by Public.com or investment advice.
Data I/O (DAIO) Analyst Forecast & Price Prediction
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