B. Riley lowered the firm’s price target on GCT Semiconductor (GCTS) to $5 from $8 and keeps a Buy rating on the shares ahead of the Q4 report. The firm cites market and sector multiple contraction for the target decrease. It expects GCT’s Q4 results to be in-line with its estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GCTS: