GigaCloud Technology Inc. (GCT)
NASDAQ: GCT · Real-Time Price · USD
22.69
-0.02 (-0.09%)
At close: Nov 4, 2024, 4:00 PM
22.52
-0.17 (-0.75%)
After-hours: Nov 4, 2024, 4:14 PM EST
GigaCloud Technology Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for GCT stock have an average target of 51.33, with a low estimate of 35 and a high estimate of 69. The average target predicts an increase of 126.22% from the current stock price of 22.69.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jul 29, 2024.
Analyst Ratings
The average analyst rating for GCT stock from 3 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| 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 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Lake Street | Lake Street | Strong Buy Initiates $50 | Strong Buy | Initiates | $50 | +120.36% | Jul 29, 2024 |
| Maxim Group | Maxim Group | Strong Buy Initiates $69 | Strong Buy | Initiates | $69 | +204.10% | May 22, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $28 → $35 | Strong Buy | Maintains | $28 → $35 | +54.25% | Apr 2, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $16 → $18 | Strong Buy | Maintains | $16 → $18 | -20.67% | Dec 7, 2023 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | -29.48% | Sep 19, 2023 |
Financial Forecast
Revenue This Year
1.13B
from 703.83M
Increased by 59.98%
Revenue Next Year
1.36B
from 1.13B
Increased by 21.05%
EPS This Year
2.93
from 2.30
Increased by 27.35%
EPS Next Year
3.66
from 2.93
Increased by 25.09%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.2B | 1.5B | 1.9B |
| Avg | 1.1B | 1.4B | 1.7B |
| Low | 938.8M | 1.3B | 1.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 74.3% | 30.2% | 42.6% |
| Avg | 60.0% | 21.0% | 22.7% |
| Low | 33.4% | 15.0% | 6.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.13 | 4.07 | 4.70 |
| Avg | 2.93 | 3.66 | 4.52 |
| Low | 2.78 | 3.28 | 4.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 36.0% | 39.1% | 28.4% |
| Avg | 27.3% | 25.1% | 23.5% |
| Low | 21.0% | 12.1% | 19.8% |
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.