GDS Holdings Analyst Upgrade Highlights Higher AI Demand Driven By DeepSeek, Other Platforms In China

Raymond James analyst Frank G. Louthan upgraded GDS Holdings Limited GDS on Thursday to Strong Buy from Outperform, with a price forecast of $53.Yesterday, the company reported fourth-quarter results with net revenue increased 9.1$371,126,624.72).The revenue increase was mainly due to the ongoing ramp-up of the data centers.GDS expects FY25 total revenues of CN¥11.29 billion–CNY¥11.59 billion and adjusted EBITDA of CN¥5.19 billion–CNY¥5.39 billion.Louthan ...