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.
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