Nomura analyst Joel Ying maintained a Buy rating on GDS Holdings (NASDAQ:GDS) Ltd on Tuesday, setting a price target of $90, which is approximately 53.24% above the present share price of $58.73.
Ying expects GDS Holdings Ltd to post earnings per share (EPS) of -$1.68 for the third quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in GDS Holdings, with an average price target of $99.24.
The analysts price targets range from a high of $122 to a low of $75.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.71 billion and a net profit of $120.77 million. The company's market cap is $10.98 billion.
According to TipRanks.com, Nomura analyst Joel Ying is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -30.9% and a 0.00% success rate.
GDS Holdings Ltd. develops and operates data centers in China. Its facilities are strategically located in China's primary economic hubs where demand for high-performance data center services is concentrated. The company's data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancy across all critical systems. It is carrier and cloud-neutral, which enables customers to connect to all major PRC telecommunications carriers, and to access a number of the largest PRC cloud service providers. The company also offers colocation and managed services, which include direct private connection to major public cloud platforms. GDS Holdings was founded by William Wei Huang in 2001 and is headquartered in Pudong, China.