The Globe and Mail reports in its Wednesday, Dec. 17, edition that Raymond James's Sean Jack has commenced coverage on Gatekeeper Systems with an "outperform" recommendation. The Globe's David Leeder writes that Mr. Jack, who is the lone analyst covering the stock, set a share target of $3. Mr. Jack says in a note: "Our analysis suggests the global mobile video surveillance market will reach $4.5-billion by 2030, reflecting a 12-per-cent CAGR. With its robust software platform, digital-first approach, and deepening customer relationships, we believe Gatekeeper is positioned to capture out sized share and grow faster than its mobile surveillance peers for years to come. Legislation pushing adoption on both fronts. Driven by rising concerns over liability, crime, and a growing demand for transparency, operators in transit and K-12 are facing a surge in laws mandating surveillance and safety technology. Couple with Gatekeeper's unique product and software advantages, we see [it] as superbly positioned to capture significant share in the market. ... Gatekeeper has multiple levers to build on its recent contract momentum. ... We see significant optionality ahead as the company accelerates penetration across its core markets."
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