JMP Securities started coverage on shares of GDS (NASDAQ:GDS – Free Report) in a research report report published on Monday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $35.00 price objective on the stock.
Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 target price on shares of GDS in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.60.
Get Our Latest Analysis on GDS
GDS Stock Performance
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after purchasing an additional 602,840 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in GDS during the 3rd quarter valued at about $27,212,000. Luxor Capital Group LP bought a new position in GDS during the 3rd quarter valued at about $9,993,000. GSA Capital Partners LLP bought a new position in GDS during the 3rd quarter valued at about $544,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in GDS during the 3rd quarter valued at about $1,001,000. 33.71% of the stock is owned by hedge funds and other institutional investors.
About GDS
GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.
Recommended Stories
- Five stocks we like better than GDS
- Insider Buying Explained: What Investors Need to Know
- Sizing Up a New Opportunity for NVIDIA Investors
- How Investors Can Find the Best Cheap Dividend Stocks
- Is DeepSeek Challenging NVIDIA’s AI Dominance?
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- The 3 Biggest M&A Stock Opportunities for 2025
Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.