In a report released yesterday, Daley Li from Bank of America Securities reiterated a Buy rating on GDS Holdings (GDS – Research Report), with a price target of $15.10. The company’s shares closed yesterday at $11.23.
According to TipRanks, Li is a 2-star analyst with an average return of -4.1% and a 0.00% success rate. Li covers the Technology sector, focusing on stocks such as GDS Holdings, Agora, and VNET Group, Inc. Sponsored ADR.
GDS Holdings has an analyst consensus of Strong Buy, with a price target consensus of $18.60.
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GDS market cap is currently $2.19B and has a P/E ratio of -11.16.
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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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