Northland Securities analyst Gus Richard maintained a Buy rating on Cepton (CPTN – Research Report) on December 22 and set a price target of $4.00. The company’s shares closed last Friday at $1.16.
According to TipRanks, Richard is a top 100 analyst with an average return of 22.8% and a 59.76% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Intel, and Power Integrations.
Currently, the analyst consensus on Cepton is a Moderate Buy with an average price target of $3.33.
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Based on Cepton’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.56 million and a net profit of $843 thousand. In comparison, last year the company earned a revenue of $1.89 million and had a GAAP net loss of $7.86 million
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPTN in relation to earlier this year.
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Growth Capital Acquisition Corp is a blank check company.
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