Gorilla Tech (NASDAQ:GRRR) releases report; analysts mark US$4.97 target.

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Gorilla Technology Group Inc. (NASDAQ:GRRR) has reported its latest third-quarter results, with revenue exceeding expectations at US$32m, a 54% increase compared to analyst forecasts. The three analysts covering Gorilla Technology Group are now predicting revenues of US$86.1m in 2024, reflecting a 106% improvement compared to the last 12 months. Earnings, however, are expected to be in lossmaking territory, with analysts forecasting statutory losses of -US$0.05 per share in 2024. The analysts have lowered their valuations, with the average price target falling 5.7% to US$4.97, suggesting decreased optimism about the overall business.

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