GigaCloud price target raised to $73 from $44 at Maxim

Maxim raised the firm’s price target on GigaCloud (GCT) to $73 from $44 and keeps a Buy rating on the shares. GigaCloud reported Q4 results that beat estimates across the board, with revenue above the high end of management’s guidance, driven by the turnaround in the Noble House brand and strong international sales, the analyst tells investors in a research note.