The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about GigaCloud Technology Inc. (GCT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.GigaCloud Technol ...

The majority of securities trading in trading in the U.S. stock market have experienced months of solid gains in a matter of several days. Since July 16, the stock market has tumbled, with a slight recovery in the last couple of days. At one point, the S&P 500 had fallen by 9%, and the Nasdaq had dropped by 13%.Investors have been mainly fleeing large-market-cap stocks that are overvalued following a much lower-than-expected job report for July and fears that the Federal Reserve has waited too long before i ...

Monty Rakusen/DigitalVision via Getty Images Performance Assessment In my last coverage of GigaCloud Technology (NASDAQ:GCT), I had rated the stock a 'Neutral/Hold' to reflect my view of performance in-line with the S&P 500 (SPY) (SPX). Since then, the stock has lagged the S&P 500 by 19.02%. Performance Since Author's Last Update on GCT (Seeking Alpha, Author's Last Article on GCT) Of course, I could have captured this active return with a 'Sell' view. However, despite my belief that organic sales gro ...

Investment Rating - 6-month rating: Buy (first rating) [1] Core Views - The company has experienced rapid growth in performance and continuous optimization of its business structure, with a total GMV of $790 million in 2023, a 43.6% YoY increase in revenue, and a significant improvement in net profit margin from 5% in 2022 to 13% in 2023 [1] - The post-pandemic era presents a vast market for cross-border furniture, with the global B2B e-commerce market expected to reach $21 trillion by 2027, and the US furniture market, the largest globally, is projected to maintain steady growth [1] - The company has established a competitive edge through supply chain innovation and AI solutions, with a robust market expansion strategy that is expected to drive continuous growth in GMV [1] Company Overview - The company, GigaCloud Technology (GCT), focuses on cross-border B2B transactions of large goods, leveraging its first-mover advantage in the cross-border e-commerce sector since 2010 [7] - It operates three core business segments: GigaCloud 3P, GigaCloud 1P, and off-platform e-commerce, with GigaCloud 3P contributing 53% of the total GMV in 2023 [1][9] - The company has a stable equity structure and experienced management, with a global logistics network covering North America, Japan, the UK, and Germany, and a total warehouse area of approximately 10 million square feet [7] Industry Overview - The global e-commerce market and penetration rate have been steadily increasing, with the B2B e-commerce market expected to expand further, reaching $21 trillion by 2027 [15] - The US furniture market, the largest globally, is expected to see steady demand growth, with the market size projected to reach $295.4 billion by 2028 [16] - China's B2B cross-border e-commerce sector is booming, with the market size expected to reach 6.9 trillion yuan by 2025, driven by strong growth potential in overseas markets [18] Growth Logic - The company has built a competitive advantage through its "supply chain front-loading" model and AI-driven solutions, which enhance operational efficiency and digital capabilities [1][25] - The company's SKU count has increased to over 30,000, attracting more sellers and buyers, with the number of active sellers and buyers growing by 45.5% and 20.5% respectively in 2023 [32] - The company has expanded its global footprint through strategic acquisitions, such as Noble House and Wondersign, which have strengthened its supply chain and technological capabilities [34][36] Financial Projections & Investment Recommendation - The company is expected to achieve revenues of $1.05 billion, $1.39 billion, and $1.82 billion in 2024, 2025, and 2026, respectively, with adjusted net profits of $120 million, $180 million, and $220 million [41] - The company is given a target price of $56, based on a 13x PE ratio for 2025, and a "Buy" rating is recommended [41]

Bulgac GigaCloud Technology Inc. (NASDAQ:GCT) stock is getting crushed today following just-reported Q2 earnings. Despite the impressive growth rate, as well as a really attractive valuation for this growth, the stock just cannot catch a bid. This comes as we have had a one-year target of $60 on the stock, assuming a market multiple commensurate with your average stock, provided the growth continues. The growth is continuing, and while the quarter was not completely pristine, this was a very solid quarter, ...

GigaCloud Technology (NASDAQ:GCT) Q2 2024 Earnings Conference Call August 7, 2024 8:00 AM ET Company Participants Larry Wu - Chairman, Chief Executive Officer Iman Shrock - President David Lau - Chief Financial Officer Conference Call Participants Ryan Meyers - Lake Street Capital Markets Matt Koranda - Roth Capital Thomas Forte - Maxim Group Sean Liu - Panoramic Capital Operator Thank you all for standing by. Welcome to GigaCloud Technology’s Second Quarter 2024 Earnings Conference Call. During today's ca ...

GigaCloud Technology Inc. (GCT) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.45%. A quarter ago, it was expected that this company would post earnings of $0.51 per share when it actually produced earnings of $0.84, delivering a surprise of 64.71%.Over the last four quarters, the ...

Table of Contents _____________________ _____________________ _____________________ _____________________ Cayman Islands 00-0000000 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Class A ordinary shares, par value $0.05 per share GCT The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION ...

Exhibit 99.1 GigaCloud Technology Inc Announces Second Quarter and Six Months Ended June 30, 2024 Financial Results -- Total Revenues More Than Doubled, Reaching a Record High Significant Growth in Adjusted EBITDA Reflects Enhanced Operational Ef iciency and Profitability -- EL MONTE, Calif., August 6, 2024 — GigaCloud Technology Inc (Nasdaq: GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced financial results for the se ...

Richard Drury My Thesis Update I initiated coverage of GigaCloud Technology (NASDAQ:GCT) stock back in May 2024 with a bullish rating, that ended up aging not according to my plan as the stock started to tank - I was "fortunate" to catch its local top: Seeking Alpha, Oakoff's article on GCT Despite this heavy dip, I still believe the GCT stock serves as a prime illustration of how investors can take a contrarian out-of-consensus stance, with the risk-to-reward ratio favorably aligned in their favor. GCT ...