In a report released yesterday, Robert Gutman from Guggenheim reiterated a Buy rating on GDS Holdings Ltd (NASDAQ: GDS), with a price target of $52. The company’s shares opened today at $30.94.
According to TipRanks.com, Gutman is a 4-star analyst with an average return of 8.3% and a 71.1% success rate. Gutman covers the Financial sector, focusing on stocks such as American Tower Corp, QTS Realty Trust, and Coresite Realty.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for GDS Holdings Ltd with a $52 average price target, implying a 68.1% upside from current levels. In a report issued on August 6, Raymond James also maintained a Buy rating on the stock.
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Based on GDS Holdings Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $13.51 million. In comparison, last year the company had a GAAP net loss of $11.04 million.
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GDS Holdings Ltd. engages in software development and provision of data infrastructures. It specializes in hosting, data centers, and cloud services. Its also involves in design, build-out, and operation of data centers.
