Gorilla Technology Group's Backlog Signals Upside

  • I maintain my strong buy rating on Gorilla Technology Group, with a price target of $42.05, representing 106% upside from current levels. Gorilla's contract pipeline has surged to $5.6 billion, supporting aggressive growth in the booming edge AI market, now forecasted at a 33% CAGR. Recent $105 million equity financing and access to $200 million in non-dilutive term sheets have stabilized Gorilla's cash position and balance sheet.