GigaCloud: Bullish Support Missing - High Growth Goes Unrewarded For Now (Downgrade)
GCTGigaCloud(GCT) Seeking Alpha·2024-08-31 22:00

peshkov We previously covered GigaCloud Technology Inc. (NASDAQ:GCT) in April 2024, discussing its robust e-commerce prospects, attributed to the platform diversification and improved outreach to different groups of manufacturers/ resellers/ consumers globally. Combined with the recent acquisitions and expansion to Canada/ India/ Latam, it was unsurprising that the management continued to guide double digit-growth ahead. While we had initiated our Buy rating then, we had urged readers to wait for a moder ...