Key Points:
- GDS Holdings' (GDS, Financial) stock plummeted by 14.34% to $17.68 due to mounting US-China trade tensions.
- Despite a positive earnings report, market sentiment for Chinese equities remains bearish.
- Analysts set an average price target of $45.41, indicating a potential upside of over 112% from current levels.
GDS Holdings (GDS) experienced a significant drop of 14.34%, bringing its stock price down to $17.68. The decline comes on the heels of escalating US-China trade disputes. Even though the company posted a favorable earnings report with a net income turnaround, this wasn't enough to counteract investor concerns, which align with broader market apprehensions towards Chinese stocks.
Wall Street Analysts' Price Projections
According to predictions from 15 analysts, the average one-year price target for GDS Holdings Ltd (GDS, Financial) stands at $45.41. The estimates range from a high of $62.90 to a low of $36.94, suggesting a substantial potential upside of 112.41% from the current price point of $21.38. For more in-depth estimate data, visit the GDS Holdings Ltd (GDS) Forecast page.
Analyst Ratings and Recommendations
The consensus recommendation from 17 brokerage firms places GDS Holdings Ltd's (GDS, Financial) average brokerage recommendation at 1.8, categorized as an "Outperform" rating. This scale ranges from 1 to 5, where 1 is indicative of a Strong Buy, and 5 suggests a Sell.
GF Value Insight
Utilizing GuruFocus' proprietary metrics, the estimated GF Value for GDS Holdings Ltd (GDS, Financial) over the next year is pegged at $18.52. This estimation points to a possible downside of 13.38% from the present price of $21.38. The GF Value reflects the fair value at which the stock should trade, based on historical trading multiples, past business growth, and projected business performance. For additional data, visit the GDS Holdings Ltd (GDS) Summary page.
