GigaCloud Technology Announces Acquisition of New Classic

GigaCloud Technology, Inc. Class A ( (GCT) ) just unveiled an announcement.

On December 3, 2025, GigaCloud Technology Inc announced a definitive agreement to acquire New Classic Home Furnishings, Inc. for $18 million. The acquisition, funded from existing cash, is expected to close on January 2, 2026, following customary conditions, and has been unanimously approved by GigaCloud’s Board of Directors.

The most recent analyst rating on (GCT) stock is a Buy with a $45.00 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 and strategic growth initiatives, particularly in Europe, are the primary drivers of its high stock score. The technical indicators suggest bullish momentum, though caution is advised due to potential overbought conditions. The company’s attractive valuation further supports the positive outlook, despite challenges in the U.S. market.

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. Its B2B ecommerce platform, the GigaCloud Marketplace, integrates discovery, payments, and logistics, connecting manufacturers primarily in Asia with resellers in the U.S., Asia, and Europe. The company initially focused on the global furniture market and has expanded into home appliances and fitness equipment.

Average Trading Volume: 881,093

Technical Sentiment Signal: Buy

Current Market Cap: $1.44B

For a thorough assessment of GCT stock, go to TipRanks’ Stock Analysis page.