GCT Semiconductor shares are trading higher after B. Riley Securities initiated coverage on the stock with a Buy rating and announced a $8 price target.
Portfolio Pulse from Benzinga Newsdesk
GCT Semiconductor shares rose following B. Riley Securities' initiation of coverage with a Buy rating and an $8 price target.
August 28, 2024 | 2:07 pm
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B. Riley Securities initiated coverage on GCT Semiconductor with a Buy rating and an $8 price target, leading to a rise in the stock price.
The initiation of coverage by B. Riley Securities with a Buy rating and a specific price target of $8 is a positive signal to investors, likely increasing demand and driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100