In a report released yesterday, Nicholas Cortellucci from Atrium Research maintained a Buy rating on NTG Clarity Networks, with a price target of C$2.50.
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Nicholas Cortellucci has given his Buy rating due to a combination of factors, including the strong flow of new and renewed business that underscores resilient demand for NTG’s offshore software development services even amid regional instability. The recently announced $12.3M in purchase orders and contract extensions, largely tied to existing framework agreements, provides improved visibility on near‑term revenue generation and validates the strength of NTG’s customer relationships.
He also points to the conversion of sizable framework commitments into active billings, which supports confidence in the company’s ability to execute and monetize its backlog. In addition, the early traction of NTG’s AI‑enabled product suite, highlighted in its March strategy update and supported by a new NTGapps engagement with a financial-sector client, offers incremental growth optionality that underpins his maintained $2.50 per share target and Buy recommendation.