Bank of America Securities analyst Paul Dewberry reiterated a Buy rating on GDS Holdings (GDS – Research Report) yesterday and set a price target of $29.00. The company’s shares opened today at $24.47.
According to TipRanks, Dewberry is ranked #7783 out of 8284 analysts.
Currently, the analyst consensus on GDS Holdings is a Moderate Buy with an average price target of $29.82.
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GDS market cap is currently $4.41B and has a P/E ratio of -17.01.
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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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