Northland raised the firm’s price target on Gorilla (GRRR) to $18 from $13 and keeps an Outperform rating on the shares after meeting with management. The company sees reaching the upper end of its original fiscal 2025 revenue guidance and posting $20M of EBITDA, and indicates it has a backlog representing 50% of fiscal 2026 goals, the analyst tells investors in a research note. The firm says management reiterated Gorilla won the proof-of-concept design for the smart school initiative and it is fully funded.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRRR:
- Gorilla Technology Strengthens Financial Position with New Proceeds
- Gorilla price target raised to $27 from $16 at Alliance Global Partners
- Unusually active option classes on open December 31st
- Gorilla Technology Group Inc call volume above normal and directionally bullish
- Largest borrow rate increases among liquid names