Gorilla price target raised to $38 from $22 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Gorilla (GRRR) to $38 from $22 and keeps a Buy rating on the shares after the company announced a signed partnership worth $1.4B over three years with Freyr to build AI data center infrastructure in Southeast Asia. The firm believes the project’s initial $300M phase will be with a single end customer and is expected to begin in 4Q25. Gorilla will be providing the GPU infrastructure, orchestration software, and service level agreements for the co-location data centers that Freyr will construct, the analyst tells investors in a research note.