GSI Technology Faces Mixed Analyst Ratings Following Q3 Earnings
What happened
GSI Technology reported quarterly earnings on July 30th, posting ($0.13) earnings per share, which surpassed the consensus estimate of ($0.19). However, the company reported revenue of $6.31 million, falling short of analyst expectations of $7.30 million. Analyst coverage for GSI Technology has varied, including a recent downgrade from sell to strong sell by Wall Street Zen, while Needham & Company LLC set a “buy” rating and a $9.00 price objective when starting coverage on September 14th.
From tickerreport.com
Why it matters
The company's earnings report showed a negative net margin of 62.90% and a negative return on equity of 21.39%. The conflicting analyst ratings and the mixed financial results influence the stock's consensus rating, which currently stands at “Hold” with a consensus target price of $9.00.
From tickerreport.com
Who's involved
- Needham & CompanyProvided analyst ratings and price targets for GSI Technology
Keep exploring
The entities involved
-
MarketBeat
American personal finance blog
-
Needham & Company
American independent investment bank and asset management firm
Related events
- MarketBeat aggregated analyst reports on Best Buy stock on September 13, 2026.
- MarketBeat is reporting on consensus targets and financial data for two companies: MarketBeat itself, and Alphabet Inc., noting both are communication services companies.
- MarketBeat aggregated data on TJX Companies' stock performance.
- MarketBeat reported on companies listed on the New York Stock Exchange on August 12, 2026.
- MarketBeat is providing analyst recommendations and financial coverage for two small-cap industrial companies: Singularity Future Technology Ltd. and New Century Logistics.