GigaCloud Technology Announces New Board Appointment

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

On August 12, 2025, Lorri Kelley announced her resignation from GigaCloud Technology Inc’s Board of Directors, effective August 16, 2025. Kelley, who served as Chair of the Nominating and Corporate Governance Committee, will remain as an advisor until September 30, 2025. Her departure was voluntary and not due to any disagreements with the company. Subsequently, on August 13, 2025, the Board appointed Kerry Lebensburger, a seasoned furniture industry executive, to fill the vacancy, effective August 17, 2025. In addition, the Board approved a new share repurchase program on August 13, 2025, authorizing the repurchase of up to $111 million in Class A ordinary shares, effective August 17, 2025, for three years, replacing the previous program.

The most recent analyst rating on (GCT) stock is a Hold with a $15.00 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, Inc. demonstrates strong financial performance and technical momentum, with robust revenue growth and strategic international expansion. The stock’s valuation appears attractive, though the overbought technical indicators and challenges in the U.S. market present potential risks. The expanded share buyback program further supports 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 in global end-to-end B2B technology solutions, focusing on large parcel merchandise. Its platform, the GigaCloud Marketplace, integrates discovery, payments, and logistics, connecting manufacturers primarily in Asia with resellers in the U.S., Asia, and Europe. Initially targeting the global furniture market, the company has expanded into home appliances and fitness equipment.

Average Trading Volume: 766,099

Technical Sentiment Signal: Buy

Current Market Cap: $1.2B

For detailed information about GCT stock, go to TipRanks’ Stock Analysis page.