DBS analyst Tsz Wang maintained a Buy rating on GDS Holdings (GDS – Research Report) on January 19 and set a price target of $34.00. The company’s shares closed last Friday at $22.66.
According to TipRanks, Wang is a 4-star analyst with an average return of 25.8% and an 85.71% success rate. Wang covers the Technology sector, focusing on stocks such as VNET Group, Inc. Sponsored ADR, GDS Holdings, and Chindata Group Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GDS Holdings with a $29.90 average price target.
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GDS market cap is currently $4.29B and has a P/E ratio of -16.21.
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GDS Holdings Ltd. develops and operates data centers in China. Its facilities are strategically located in China’s primary economic hubs where demand for high-performance data center services is concentrated. The company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancy across all critical systems. It is carrier and cloud-neutral, which enables customers to connect to all major PRC telecommunications carriers, and to access a number of the largest PRC cloud service providers. The company also offers colocation and managed services, which include direct private connection to major public cloud platforms. GDS Holdings was founded by William Wei Huang in 2001 and is headquartered in Pudong, China.
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