GCT Semiconductor gains as B. Riley starts coverage with Buy [Seeking Alpha]
GCT Semiconductor Holding, Inc. (GCTS)
Company Research
Source: Seeking Alpha
rating, citing profitability progress, new customer wins and initial 5G shipments as potential stock catalysts ahead. In a note on Tuesday, analyst Craig Ellis said, “We believe GCTS offers vibrant sales growth and OM expansion, plus the potential for a four- to six-quarter path to profitability with ensuing handsome EPS expansion.” GCTS' decades of wireless chip and ecosystem know-how, notable 5G customer engagements with Saudi Aramco, Verizon, and many others, and a valuable patent trove validate the company's positioning and growth potential, Ellis noted. “Amid a 20% global fixed wireless access unit CAGR through 2028E but sharply higher for higher-performance 5G, we expect steadily rising GCTS share above the mid-teens within a highly consolidated global competitor landscape that we believe leaves room for disruption.” The brokerage set a price target of $8 on the stock that offers 190% 12-month upside potential. Shares of GCT Semiconductor ( GCTS ) gained premarket on Wedne
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GCTS
News
- Strategic Partnership of Five Tech Leaders for End-to-End Solutions Within 450MHz Ecosystems [Yahoo! Finance]Yahoo! Finance
- Strategic Partnership of Five Tech Leaders for End-to-End Solutions Within 450MHz EcosystemsBusiness Wire
- GCT Semiconductor Holding, Inc. to Present at the 2024 Gateway Conference on September 4thGlobeNewswire
- GCT Semiconductor Holding, Inc. (NYSE: GCTS) is now covered by analysts at B. Riley. They set a "buy" rating and a $8.00 price target on the stock.MarketBeat
- GCT Semiconductor Holding, Inc. Signs MOU with Global Tier One Telecommunications SupplierBusiness Wire
GCTS
Sec Filings
- 9/27/24 - Form 4
- 8/23/24 - Form 4
- 7/5/24 - Form 4
- GCTS's page on the SEC website