GDS Holdings Ltd (NASDAQ: GDS) stock surged over 5% in pre-market trading on Tuesday, following a positive analyst report from JMP Securities.
In a research note released earlier in the session, JMP Securities analyst Greg P. Miller reiterated a Buy rating on GDS shares and set a favorable price target. The upbeat analyst coverage fueled investor optimism and increased buying interest in GDS, driving the stock's significant pre-market rally.
The bullish analyst outlook highlighted the firm's positive stance on the company, citing strong growth prospects and positive fundamentals. This boosted investor confidence and sentiment, resulting in the notable pre-market stock surge for GDS Holdings.
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