GDS Holdings price target raised to $55 from $53 at Raymond James

Raymond James raised the firm’s price target on GDS Holdings (GDS) to $55 from $53 and keeps a Strong Buy rating on the shares following Q3 results. For longer-term investors who can weather the mix-shift outside of mainland China, Raymond James believes the future growth should be more stable and have substantially less risk, the firm told investors in a research note. The firm added that the gating factor is GDS Holdings customers’ ability to access the appropriate number of GPUs to fill up data center space.