RBC Capital Thinks GDS Holdings Ltd’s Stock is Going to Recover

By Carrie Williams

RBC Capital analyst Jonathan Atkin reiterated a Buy rating on GDS Holdings Ltd (NASDAQ: GDS) today and set a price target of $14. The company’s shares opened today at $7.56, close to its 52-week low of $7.35.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 16.5% and a 84.5% success rate. Atkin covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Interxion Holding NV, and Zayo Group Holdings.

GDS Holdings Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $14.

The company has a one year high of $10.76 and a one year low of $7.35. Currently, GDS Holdings Ltd has an average volume of 98.87K.

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GDS Holdings Ltd. engages in software development and provides colocation and managed hosting and cloud services in the People’s Republic of China (PRC). Its also involves in design, build-out, and operation of data centers. It operates its data centers in Hong Kong Special Administrative Region, Shanghai Municipality, Beijing Municipality, Jiangsu Province, Guangdong Province and Sichuan Province of the PRC and serves customers that primarily operate in the internet and banking industries. The company was founded by William Wei Huang on December 01, 2006 and is headquartered in Pudong, China.