RBC Capital raised the firm’s price target on GDS Holdings to $17 from $15 and keeps a Sector Perform rating on the shares. The company’s Q4 results were "solid", and while its rating remains neutral, GDS’s focus on bookings with shorter move-in rates may support a favorable set-up for 2024, the analyst tells investors in a research note. GDS has potential to outperform its peers in the long run given its positioning in an underpenetrated, growing market with strong customer demand trends and limited competitive supply, RBC Capital added.
Published first on TheFly
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