Roth Capital raised the firm’s price target on GigaCloud (GCT) to $33 from $31 and keeps a Neutral rating on the shares. GigaCloud delivered another large sales beat vs. guidance, likely enabled by a return to growth at the acquired Noble House and off-platform e-commerce, the analyst tells investors in a research note. Roth awaits a return to growth and margin expansion in both segments before getting constructive.
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