Citizens JMP analyst Greg Miller raised the firm’s price target on GDS Holdings (GDS) to $40 from $35 and keeps an Outperform rating on the shares. GDS Holdings’ Q4 results demonstrated reaccelerating growth in China with the largest single order in the company’s history, but also put the company a step closer to a REIT conversion with its Chinese business as well as an IPO for its international business, the analyst tells investors in a research note. The firm is more confident in the outlook for the Chinese data center market than before the Chinese government began cracking down on technology companies.
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Read More on GDS:
- GDS Holdings: Strong Financial Performance and Growth Prospects Justify Buy Rating
- GDS Holdings upgraded to Strong Buy from Outperform at Raymond James
- GDS Holdings Reports Strong Financial Turnaround in 2024
- Autodesk in proxy fight, General Mills reports mixed Q3: Morning Buzz
- GDS Holdings reports Q4 EPS RMB 22.51 vs. (RMB 17.30) last year
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