Jefferies analyst Edison Lee maintained a Buy rating on GDS Holdings (GDS – Research Report) yesterday and set a price target of $21.95. The company’s shares closed yesterday at $15.95.
According to TipRanks, Lee is an analyst with an average return of -6.0% and a 50.00% success rate.
Currently, the analyst consensus on GDS Holdings is a Strong Buy with an average price target of $34.09.
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The company has a one-year high of $48.40 and a one-year low of $8.41. Currently, GDS Holdings has an average volume of 1.24M.
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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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