Guggenheim Begins Covering GDS Holdings (GDS) Stock. “Shares to Hit $50”

June 14, 2018 - By Vivian Currie

Why Has Guggenheim Given GDS Holdings (GDS) a $50 Price Target

In a report released on 14 June, research professionals at Guggenheim started coverage for GDS Holdings (GDS) shares. The firm has decided to set a “Buy” rating along with a $50, adding 9.36 % to the target.

GDS Holdings Limited (NASDAQ:GDS) Ratings Coverage

Among 3 analysts covering GDS Holdings (GDS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. GDS Holdings has $33.0 highest and $23.1 lowest target. $29.03’s average target is -36.50% below currents $45.72 stock price. GDS Holdings had 5 analyst reports since December 20, 2017 according to SRatingsIntel. The firm earned “Sell” rating on Friday, January 26 by Credit Suisse. As per Wednesday, December 20, the company rating was downgraded by Credit Suisse. RBC Capital Markets maintained it with “Buy” rating and $33.0 target in Wednesday, March 14 report. The rating was maintained by JP Morgan on Monday, March 19 with “Overweight”. Credit Suisse upgraded the shares of GDS in report on Wednesday, May 23 to “Hold” rating.

The stock increased 10.84% or $4.47 during the last trading session, reaching $45.72. About 1.88 million shares traded or 92.95% up from the average. GDS Holdings Limited (GDS) has risen 416.58% since June 15, 2017 and is uptrending. It has outperformed by 404.01% the S&P500.

Analysts await GDS Holdings Limited (NASDAQ:GDS) to report earnings on August, 14. They expect $-0.09 earnings per share, up 25.00 % or $0.03 from last year’s $-0.12 per share. After $-0.08 actual earnings per share reported by GDS Holdings Limited for the previous quarter, Wall Street now forecasts 12.50 % negative EPS growth.

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 $5.76 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.

More important recent GDS Holdings Limited (NASDAQ:GDS) news were published by: Nasdaq.com which released: “GDS Holdings Limited Prices Offering of Convertible Senior Notes” on May 31, 2018, also Nasdaq.com published article titled: “Analysis: Positioning to Benefit within Willis Towers Watson Public, MyoKardia, Texas Capital Bancshares, uniQure NV …”, Nasdaq.com published: “GDS Extends Leadership Position in Shanghai Market with New Data Center Acquisition” on May 23, 2018. More interesting news about GDS Holdings Limited (NASDAQ:GDS) was released by: Nasdaq.com and their article: “GDS Holdings Limited Announces Closing of Convertible Senior Notes Offering and Exercise of Green Shoe” with publication date: June 05, 2018.

GDS Holdings Limited (NASDAQ:GDS) Ratings Chart

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