Gorilla Technology Group Inc. (NASDAQ:GRRR) Sees Stock Upgrade and Major Deal

Core Viewpoint - Gorilla Technology Group Inc. has received a stock upgrade to "Buy" with a price target increase, driven by a significant deal in the AI-driven data center sector [1][5]. Group 1: Stock Upgrade and Price Target - Alliance Global Partners upgraded GRRR's stock to a "Buy" rating, increasing the price target from $22 to $38 [1][5]. - At the time of the upgrade, GRRR's stock was priced at $20.50 [1]. Group 2: Strategic Partnership and Deal Impact - The upgrade follows a $1.4 billion deal with Freyr for the construction and management of AI-driven data centers in Southeast Asia [2][5]. - This deal has led to a 13% increase in GRRR's stock price following the announcement [2]. Group 3: Growth Prospects and Market Position - The partnership positions Gorilla as a key player in the AI infrastructure sector in Southeast Asia, with potential expansion into $2.5 billion worth of projects [3]. - The initial contract spans three years, with a possibility of a two-year extension, indicating strong growth prospects [3]. - GRRR's market capitalization is approximately $508.25 million, reflecting its competitive position in the AI-driven data center market [4].