GDS Holdings Ltd (GDS) saw its stock soar 8.81% in Monday's intraday trading, following an upgrade and raised price target from investment bank TD Cowen.
The surge came after TD Cowen raised its price target on GDS to $39 from $27, while maintaining a Buy rating on the China-based data center operator. The investment bank cited several positive factors:
The analyst upgrade and bullish outlook highlight GDS's growth prospects in China's booming AI and data center market, fueling investor confidence in the stock's trajectory.
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