Roth Capital raised the firm’s price target on GigaCloud (GCT) to $18.50 from $15 and keeps a Neutral rating on the shares. The company delivered Q1 sales and adjusted EBITDA ahead of expectations, although margins remain under pressure, though the management expects further sales deceleration ahead, with Q2 mid-point sales expected to be down 7% y/y, the analyst tells investors in a research note. Roth adds that its higher price target looks through near-term 2025 softness however and cues off its expectation of a more-normalized 2026.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GCT:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue