GDS (GDS) Price Target Raised to $26.00

GDS (NASDAQ:GDS) had its price objective raised by equities research analysts at Royal Bank of Canada to $26.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 37.06% from the company’s previous close.

Separately, BidaskClub lowered shares of GDS from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th.

Shares of GDS (NASDAQ GDS) opened at $18.97 on Wednesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.90 and a quick ratio of 0.90. GDS has a 12-month low of $6.90 and a 12-month high of $20.80.

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GDS Company Profile

GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.