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GigaCloud Technology, Inc. Class A ( (GCT) ) has provided an announcement.
On January 2, 2026, GigaCloud Technology Inc completed the acquisition of New Classic Home Furnishings, Inc., a U.S.-based distributor serving the home furnishings market, for $18 million on a debt-free basis, including a post-closing earn-out, funded from existing cash and unanimously approved by its board. Founded over 25 years ago and serving more than 1,000 retailer customers with a portfolio exceeding 2,000 SKUs, New Classic is expected to strengthen GigaCloud’s ecosystem by expanding its wholesale operations, deepening retailer relationships and enhancing product assortment as the company integrates New Classic’s retailer network into its technology-enabled marketplace and fulfillment capabilities, potentially improving GigaCloud’s competitive position in large-parcel commerce and offering retailers more efficient ways to operate in a dynamic trading environment.
The most recent analyst rating on (GCT) stock is a Buy with a $46.00 price target. To see the full list of analyst forecasts on GigaCloud Technology, Inc. Class A stock, see the GCT Stock Forecast page.
Spark’s Take on GCT Stock
According to Spark, TipRanks’ AI Analyst, GCT is a Outperform.
GigaCloud Technology’s strong financial performance, strategic acquisitions, and robust earnings call results are the primary drivers of its high score. Technical indicators suggest bullish momentum, though caution is warranted due to overbought conditions. The company’s valuation is attractive, further supporting the positive outlook.
To see Spark’s full report on GCT stock, click here.
More about GigaCloud Technology, Inc. Class A
GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, operating the GigaCloud Marketplace, an ecommerce platform that integrates discovery, payments and logistics into a single system. The company’s global marketplace connects manufacturers, primarily in Asia, with resellers in the U.S., Asia and Europe to facilitate cross-border transactions in categories such as furniture, home appliances and fitness equipment, offering a fixed-price solution from manufacturer’s warehouse to end customer’s doorstep.
Average Trading Volume: 650,779
Technical Sentiment Signal: Buy
Current Market Cap: $1.46B
For detailed information about GCT stock, go to TipRanks’ Stock Analysis page.