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An announcement from GigaCloud Technology, Inc. Class A ( (GCT) ) is now available.
On May 8, 2025, GigaCloud Technology Inc’s Board of Directors approved an additional $16 million for its Class A ordinary share repurchase program, increasing the total authorization to $78 million. As of May 12, 2025, the company has repurchased approximately 3.7 million shares for $61.8 million. The company also reported financial results for the first quarter ended March 31, 2025, with total revenues of $271.9 million, an 8.3% increase year-over-year, and a gross profit of $63.7 million, a 4.2% decrease from the previous year. The GigaCloud Marketplace saw significant growth, with GMV increasing by 56.1% year-over-year, highlighting the strength of its Supplier Fulfilled Retailing model despite industry challenges.
The most recent analyst rating on (GCT) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on GigaCloud Technology, Inc. Class A stock, see the GCT Stock Forecast page.
Spark’s Take on GCT Stock
According to Spark, TipRanks’ AI Analyst, GCT is a Outperform.
GigaCloud Technology, Inc.’s stock score is supported by its strong financial performance and attractive valuation. Despite bearish technical indicators, the company’s robust revenue growth, market expansion, and strategic initiatives were positively highlighted in the earnings call. However, macroeconomic challenges and a cautious balance sheet suggest potential risks, slightly tempering the overall outlook.
To see Spark’s full report on GCT stock, click here.
More about GigaCloud Technology, Inc. Class A
GigaCloud Technology Inc is a pioneer in global end-to-end B2B technology solutions for large parcel merchandise. The company’s B2B ecommerce platform, known as the GigaCloud Marketplace, integrates discovery, payments, and logistics tools into a single platform, connecting manufacturers primarily in Asia with resellers in the U.S., Asia, and Europe. Initially launched in 2019 focusing on the global furniture market, the company has expanded into home appliances and fitness equipment.
Average Trading Volume: 1,016,950
Technical Sentiment Signal: Sell
Current Market Cap: $503.2M
For a thorough assessment of GCT stock, go to TipRanks’ Stock Analysis page.