B. Riley Securities initiated coverage on GCT Semiconductor with a new price target
$GCTS
Semiconductors
Technology
B. Riley Securities initiated coverage of GCT Semiconductor with a rating of Buy and set a new price target of $8.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/28/2024 | $8.00 | Buy | B. Riley Securities |
B. Riley Securities initiated coverage of GCT Semiconductor with a rating of Buy and set a new price target of $8.00
Broomfield, CO., June 18, 2025 (GLOBE NEWSWIRE) -- Broomfield, CO./ June 18, 2025 – Gogo (NASDAQ:GOGO) confirms today that GCT Semiconductor has successfully completed the very first end-to-end call using its next-generation 5G technology. The call, which took place on June 16, 2025, confirms the Gogo 5G chip is fully functional and ready to move through the final phases of integration. The technology milestone represents a critical stage in Gogo's journey towards delivering 5G air-to-ground (ATG) connectivity to North American operators. GCT Semiconductor Holding, Inc. (NYSE:GCTS) delivered the new 5G chipset to Airspan, a provider of network deployment solutions and Gogo's 5G partner,
Delivery of 5G chipsets to all lead customers will continue through the end of June GCT Semiconductor Holding Inc. ("GCT") (NYSE:GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced the initial delivery of its new 5G chipsets to its customers, including Airspan Networks and Orbic North America, LLC, among others, for their immediate evaluation. GCT will continue to provide samples in the next several weeks to complete the initial demand from its lead customers. These samples are being provided in both chip and module forms, depending on customer needs. "We are thrilled to achieve this major milestone and now have our 5G chips in the hands
GCT plans to enhance its advanced GDM7243SL 4G/5G chipset to support Iridium NTN NB-IoT GCT Semiconductor Holding Inc. ("GCT") (NYSE:GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced its collaboration with Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communication, to integrate the Iridium NTN Direct℠ service into GCT's advanced GDM7243SL chipset. GCT and Iridium will work together to expedite the development of a new Iridium® network-enabled Narrowband Internet of Things (NB-IoT) chipset based on requirements for 3GPP Release 19. Both companies will jointly explore opportunities, bus