Why GDS Holdings Stock Was Skyrocketing This Week

Core Viewpoint - GDS Holdings is experiencing a positive market response with a 32% increase in share price due to bullish analyst updates ahead of its upcoming quarterly earnings release [1]. Group 1: Analyst Sentiment - Analysts have published optimistic updates on GDS, anticipating strong performance despite the lack of a scheduled earnings release [1]. - Following IPO rumors regarding GDS's DayOne international business, analysts remain positive, with Daiwa Securities upgrading its recommendation to buy [2][3]. - TD Cowen's Michael Elias raised his price target for GDS shares from $27 to$39 while maintaining a buy recommendation [3]. Group 2: Growth Expectations - Analysts expect GDS to report better-than-expected fourth-quarter fundamentals, driven by strong sequential growth in data center leasing [4].