Litchfield Hills Research reiterates buy recommendation at $9.00 per share
New York and Madrid, February 28 - U.S. equity research firm Litchfield Hills Research has just published a new analysis of Lleida.net (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF), reiterating its buy recommendation at $9.00 per share.
The report, signed by analyst Theodore R. O'Neill, estimates this 2024 revenue of 16.3 million euros.
Litchfield Hills Research is an independent sell-side research firm. Its director, O'Neill, has twice been recognized with the Wall Street Journal's All-Star award.
Lleida.net, founded in 1995, is listed on Euronext Growth in Paris, BME Growth in Madrid and OTCQX in New York, where it went public in 2020.
It has obtained recognition on 309 patents worldwide in more than 60 countries.
Its growth strategy includes a solid growth policy in intellectual property and R&D, as well as a reinforcement of its internationalization strategy.
Last December, it announced a new turnaround plan. Its shares have increased in value by more than 35 percent since the beginning of the year.
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SAFE HARBOR STATEMENT
This press release contains statements regarding the future of the company and its innovations. Statements regarding the future may be accompanied by words such as "anticipate", "believe", "estimate", "wait", "anticipate", "pretend", "power", "plan", "potential", the use of future time and other terms of similar meaning. No undue reliance should be placed on these claims. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including uncertainty of the company's commercial success, ability to protect our intellectual property rights, and other risks. These statements are based on current beliefs and forecasts and refer only to the date of this press release. The company assumes no obligation to publicly update its forward-looking statements, regardless of whether new information, future events or any other circumstance arise.
