GDS Holdings Ltd (GDS) stock surged 5.92% in intraday trading on Tuesday, following a positive analyst report.
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, citing the firm's bullish outlook on the company.
The upbeat analyst coverage fueled investor optimism and increased buying interest in GDS, driving the stock's significant intraday rally.
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