Roth MKM Maintains Buy Rating for GigaCloud Tech: Here's What You Need To Know

Roth MKM has decided to maintain its Buy rating of GigaCloud Tech GCT and raise its price target from $16.00 to $18.00.

Shares of GigaCloud Tech are trading up 1.47% over the last 24 hours, at $13.84 per share.

A move to $18.00 would account for a 30.06% increase from the current share price.

About GigaCloud Tech

GigaCloud Technology Inc end-to-end B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which refers to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia, with resellers in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.