New York and Madrid, 28 February - U.S. stock analysis firm Litchfield Hills Research has reiterated its buy recommendation for Lleida.net (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF) at a price of $9.00 per share.

In the latest analysis penned by analyst Theodore R. O'Neill, revenue estimates for 2024 are set at €16.3 million.

Litchfield Hills Research, known for its independent sell-side analysis, boasts Theodore R. O'Neill, a two-time recipient of the prestigious Wall Street Journal's All-Star award, as its director.

Founded in 1995, Lleida.net is listed on Euronext Growth in Paris, BME Growth in Madrid, and OTCQX in New York, where it went public in 2020.

The company holds an impressive 309 patents globally across more than 60 countries.

With a growth strategy emphasising intellectual property and R&D, along with a commitment to international expansion, Lleida.net unveiled a new Recovery Plan in December.

Since the year began, its shares have surged in value by over 35 per cent.