TD Cowen Cuts GDS (NASDAQ:GDS) Price Target to $37.00

GDS (NASDAQ:GDS) had its target price cut by analysts at TD Cowen from $38.00 to $37.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 19.67% from the stock’s previous close.

Several other research firms have also recently issued reports on GDS. Weiss Ratings reissued a “hold (c-)” rating on shares of GDS in a research note on Wednesday, October 8th. Macquarie set a $46.70 target price on shares of GDS in a research note on Thursday, November 6th. Bank of America lifted their target price on shares of GDS from $47.60 to $50.60 and gave the company a “buy” rating in a report on Friday, August 22nd. JMP Securities upped their price target on GDS from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 21st. Finally, Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.66.

GDS Trading Up 3.9%

GDS traded up $1.17 on Thursday, hitting $30.92. 639,357 shares of the company were exchanged, compared to its average volume of 2,694,666. The firm has a fifty day simple moving average of $35.86 and a two-hundred day simple moving average of $32.80. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.00 and a current ratio of 2.00. GDS has a 12 month low of $16.92 and a 12 month high of $52.50. The stock has a market capitalization of $5.89 billion, a PE ratio of 9.15 and a beta of 0.37.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.51. GDS had a return on equity of 1.40% and a net margin of 40.83%.The firm had revenue of $405.28 million during the quarter, compared to the consensus estimate of $402.81 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. GDS has set its FY 2025 guidance at EPS. Sell-side analysts expect that GDS will post -0.89 earnings per share for the current year.

Institutional Investors Weigh In On GDS

A number of institutional investors have recently bought and sold shares of the business. Pinnacle Associates Ltd. grew its position in shares of GDS by 18.6% during the first quarter. Pinnacle Associates Ltd. now owns 262,787 shares of the company’s stock worth $6,656,000 after purchasing an additional 41,195 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of GDS during the 1st quarter valued at approximately $176,000. XTX Topco Ltd purchased a new stake in GDS during the first quarter valued at $992,000. Bayforest Capital Ltd bought a new position in GDS during the first quarter valued at $624,000. Finally, XY Capital Ltd bought a new stake in shares of GDS in the 1st quarter worth about $2,584,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Company Profile

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.