Alliance Global Partners analyst Brian Kinstlinger initiated coverage of Gorilla Technology – a systems integrator that uses AI and cyber to enable smart cities for international governments – with a Buy rating and $4 price target. With a $270M contract with Egypt and a $21M contract with Taiwan, visibility to “a steep revenue ramp” that began in Q3 is “high,” while the company’s management says its pipeline of large smart city contract opportunities is “robust,” the analyst tells investors. Alliance forecasts revenue of $57M in 2023, $82M in 2024 and $117M in 2025.
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