Analysts Set GDS Holdings (NASDAQ:GDS) PT at $46.93

Key Points

• GDS Holdings has received a consensus rating of "Moderate Buy" from eleven research firms, with two analysts giving a strong buy rating, six a buy rating, and three a hold rating.
• Bank of America recently raised its price target for GDS shares to $50.60, indicating continued positive sentiment from major financial institutions.
• Institutional investors have significantly increased their stakes in GDS, with hedge funds increasing their holdings by over 33% recently.

GDS Holdings (NASDAQ:GDS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $46.9333.

GDS has been the subject of a number of analyst reports. BMO Capital Markets raised shares of GDS to a "market perform" rating in a research note on Wednesday, July 16th. JMP Securities raised their price target on shares of GDS from $40.00 to $50.00 and gave the company a "market outperform" rating in a research report on Thursday, August 21st. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Bank of America raised their price target on shares of GDS from $47.60 to $50.60 and gave the company a "buy" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. raised shares of GDS from a "neutral" rating to an "overweight" rating and raised their price target for the company from $34.00 to $46.00 in a research report on Wednesday, July 16th.

Institutional Investors Weigh In On GDS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC boosted its holdings in GDS by 218.2% in the second quarter. Headlands Technologies LLC now owns 46,386 shares of the company's stock worth $1,418,000 after purchasing an additional 31,810 shares during the last quarter. BROOKFIELD Corp ON purchased a new stake in GDS in the second quarter worth approximately $157,000. Light Street Capital Management LLC purchased a new stake in GDS in the second quarter worth approximately $21,845,000. Eschler Asset Management LLP purchased a new stake in GDS in the second quarter worth approximately $10,887,000. Finally, Boothbay Fund Management LLC purchased a new stake in GDS in the second quarter worth approximately $846,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

GDS Stock Down 0.8%

Shares of NASDAQ GDS traded down $0.29 on Tuesday, reaching $38.21. 4,406,279 shares of the company's stock traded hands, compared to its average volume of 2,788,907. GDS has a 12 month low of $15.91 and a 12 month high of $52.50. The business's 50 day simple moving average is $34.66 and its two-hundred day simple moving average is $29.98. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 11.30 and a beta of 0.34. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.71.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.