Will New Ratings Coverage by Guggenheim Help GDS Holdings (GDS) Stock This Week?

June 14, 2018 - By Nellie Frank

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

Equity research analysts at Guggenheim has begun coverage on shares of GDS Holdings (GDS) in a research note sent to investors on Thursday, 14 June. The company set Buy rating on the stock. Guggenheim’s target price per share of $50 suggests potential of 9.36 % from the stock’s last price.

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. Credit Suisse downgraded the shares of GDS in report on Friday, January 26 to “Sell” rating. The firm has “Hold” rating given on Wednesday, May 23 by Credit Suisse. The firm earned “Buy” rating on Wednesday, March 14 by RBC Capital Markets. JP Morgan maintained it with “Overweight” rating and $31 target in Monday, March 19 report. The firm has “Neutral” rating given on Wednesday, December 20 by Credit Suisse.

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: “Analysis: Positioning to Benefit within Willis Towers Watson Public, MyoKardia, Texas Capital Bancshares, uniQure NV …” on June 06, 2018, also Nasdaq.com published article titled: “GDS Extends Leadership Position in Shanghai Market with New Data Center Acquisition”, Nasdaq.com published: “GDS Holdings Limited Announces Closing of Convertible Senior Notes Offering and Exercise of Green Shoe” on June 05, 2018. More interesting news about GDS Holdings Limited (NASDAQ:GDS) was released by: Nasdaq.com and their article: “GDS Holdings Limited Prices Offering of Convertible Senior Notes” with publication date: May 31, 2018.

GDS Holdings Limited (NASDAQ:GDS) Ratings Chart

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