GigaCloud Technology (GCT) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GigaCloud Technology in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GCT shares.
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1 equities research analysts have issued 1 year price objectives for GigaCloud Technology's stock. Their GCT share price forecasts range from $26.00 to $26.00. On average, they anticipate the company's share price to reach $26.00 in the next year. This suggests a possible upside of 303.1% from the stock's current price.
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GigaCloud Technology's stock was trading at $5.69 at the beginning of the year. Since then, GCT shares have increased by 13.4% and is now trading at $6.45.
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The company is scheduled to release its next quarterly earnings announcement on Friday, September 29th 2023.
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GigaCloud Technology Inc. (NASDAQ:GCT) announced its quarterly earnings data on Friday, March, 17th. The company reported $0.31 earnings per share (EPS) for the quarter. GigaCloud Technology had a trailing twelve-month return on equity of 18.02% and a net margin of 6.96%.

GigaCloud Technology issued an update on its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $140.00 million-$145.00 million.

(GCT) raised $36 million in an initial public offering (IPO) on Thursday, August 18th 2022. The company issued 2,900,000 shares at a price of $12.25 per share. Aegis Capital served as the underwriter for the IPO.

GigaCloud Technology trades on the NASDAQ under the ticker symbol "GCT."

GigaCloud Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.11%), Renaissance Technologies LLC (0.03%) and Two Sigma Investments LP (0.03%).

Shares of GCT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GCT stock can currently be purchased for approximately $6.45.

GigaCloud Technology (NASDAQ:GCT) has a market capitalization of $262.45 million and generates $490.07 million in revenue each year. The company earns $23.97 million in net income (profit) each year or $0.86 on an earnings per share basis.

The official website for the company is www.gigacloudtech.com. The company can be reached via phone at 852-2369-8219 or via email at investor.relations@gigacloudtech.com.