GCT Should I Buy
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GigaCloud Technology Inc (GCT) is not a strong buy at the moment for a beginner, long-term investor. Despite some positive aspects such as revenue growth and a favorable analyst rating, the stock's recent technical indicators, insider selling, and lack of significant positive catalysts suggest that it is better to hold off on investing right now.
The MACD is negative and expanding (-0.669), indicating bearish momentum. RSI is neutral at 21.882, and moving averages are converging, showing no clear trend. The stock is trading near support levels (S1: 35.144, S2: 33.028), but the overall trend is weak with a recent -6.52% regular market drop.
H.C. Wainwright initiated coverage with a Buy rating and a $3 price target, citing the company's potential to scale its 5G chip business. Revenue increased by 9.67% YoY in Q3 2025.
Insider selling has increased by 278.90% over the last month, indicating a lack of confidence from insiders. Net income dropped by -8.63% YoY, and gross margin declined by -9.07% YoY. No recent news or significant events to drive the stock price higher.
In Q3 2025, revenue grew by 9.67% YoY to $332.6M, but net income dropped by -8.63% YoY to $37.2M. EPS increased marginally by 1.02% YoY to 0.99, while gross margin fell to 23.16%, down -9.07% YoY. The financials show mixed performance with declining profitability.
H.C. Wainwright initiated a Buy rating with a $3 price target, citing 5G adoption as a growth driver. Roth Capital raised the price target to $33 but maintained a Neutral rating, awaiting growth and margin expansion before becoming more constructive.
