GDS Holdings Ltd (GDS), a leading Chinese data center operator, witnessed a significant pre-market plunge of 13.41% on Monday. The stock's sharp decline can be attributed to an analyst downgrade by Jefferies, which cited concerns over the potential impact of Alibaba's (BABA) capital expenditure guidance on GDS Holdings' growth prospects.
Jefferies downgraded GDS Holdings from a Buy rating to a Hold rating, while raising the price target to $45 from $27.06. The downgrade was based on Alibaba's capex guidance, which Jefferies believes could potentially slow down GDS Holdings' hyperscale demand.
However, not all analysts share the same sentiment. Nomura maintained a Buy rating on GDS Holdings and adjusted the price target to $63 from $25, indicating its belief in the company's future growth potential in the Chinese data center market.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。