After Gorilla announced that it signed a contract with the Government of Egypt to implement a Smart Government Security Convergence solution contract worth more than $270M over three years, Northland analyst Michael Latimore said the deal with the national government provides three years of revenue visibility to Gorilla. The firm, which believes investors can now look to FY25 for their valuation targets, has an Outperform rating and $10 price target on Gorilla shares and said it will refine its model “shortly.”
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