GigaCloud Technology Inc. (GCT)
NASDAQ: GCT · IEX Real-Time Price · USD
31.14
+0.87 (2.87%)
At close: May 31, 2024, 4:00 PM
31.25
+0.11 (0.35%)
After-hours: May 31, 2024, 7:56 PM EDT
GigaCloud Technology Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for GCT stock have an average target of 52, with a low estimate of 35 and a high estimate of 69. The average target predicts an increase of 66.99% from the current stock price of 31.14.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for GCT stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 1 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Maxim Group | Maxim Group | Strong Buy Initiates $69 | Strong Buy | Initiates | $69 | +121.58% | May 22, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $28 → $35 | Strong Buy | Maintains | $28 → $35 | +12.40% | Apr 2, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $16 → $18 | Strong Buy | Maintains | $16 → $18 | -42.20% | Dec 7, 2023 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | -48.62% | Sep 19, 2023 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | -48.62% | Sep 14, 2023 |
Financial Forecast
Revenue This Year
1.14B
from 703.83M
Increased by 62.54%
Revenue Next Year
1.38B
from 1.14B
Increased by 20.19%
EPS This Year
2.87
from 2.30
Increased by 24.71%
EPS Next Year
3.89
from 2.87
Increased by 35.68%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.2B | 1.5B | 1.7B |
| Avg | 1.1B | 1.4B | 1.6B |
| Low | 1.1B | 1.3B | 1.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 71.3% | 28.1% | 24.7% |
| Avg | 62.5% | 20.2% | 14.5% |
| Low | 54.9% | 14.3% | 6.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.98 | 4.22 | 4.70 |
| Avg | 2.87 | 3.89 | 4.52 |
| Low | 2.78 | 3.59 | 4.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 29.7% | 47.2% | 20.9% |
| Avg | 24.7% | 35.7% | 16.3% |
| Low | 21.0% | 25.0% | 12.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.