GDS Holdings (GDS): JP Morgan Maintains Overweight Rating Today, Has a Target of $31/Share

March 20, 2018 - By Kurt Siggers

 GDS Holdings (GDS): JP Morgan Maintains Overweight Rating Today, Has a Target of $31/Share

GDS Holdings (GDS) Rating Reaffirmed

They currently have a $31 target price per share on GDS Holdings (GDS). The target price by JP Morgan would suggest a potential upside of 15.50 % from the company’s last price. This has been shown in an analyst report on 19 March.

GDS Holdings Limited (NASDAQ:GDS) Ratings Coverage

Among 3 analysts covering GDS Holdings L… (GDS), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. GDS Holdings L… has $33.0 highest and $14 lowest target. $29.03’s average target is 8.16% above currents $26.84 stock price. GDS Holdings L… had 6 analyst reports since December 6, 2016 according to SRatingsIntel. RBC Capital Markets maintained GDS Holdings Limited (NASDAQ:GDS) on Wednesday, March 14 with “Buy” rating. Credit Suisse downgraded the shares of GDS in report on Wednesday, December 20 to “Neutral” rating. The company was maintained on Monday, March 19 by JP Morgan. The rating was maintained by RBC Capital Markets on Monday, November 13 with “Buy”. The stock has “Sell” rating by Credit Suisse on Friday, January 26.

The stock decreased 1.68% or $0.46 during the last trading session, reaching $26.84. About 195,448 shares traded. GDS Holdings Limited (GDS) has 0.00% since March 20, 2017 and is . It has underperformed by 16.70% the S&P500.

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company has market cap of $2.62 billion. The firm provides colocation, managed hosting, and managed cloud services. It currently has negative earnings. The Company’s data centers service clients that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

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