B. Riley lowered the firm's price target on GCT Semiconductor to $3 from $4 and keeps a Buy rating on the shares. GCT Semi Holdings' Q4 sales came slightly below forecasts as 5G chip shipments to key partners Orbic and Airspan continued, the analyst tells investors in a research note. Management expects 1Q26 growth followed by stronger 2Q and 2H26 expansion, driven by European networking and satellite customers, with early 5G platform validation supporting optimism for AEBITDA breakeven in 1Q27, the firm says.
