GDS Holdings Limited Reports Third Quarter 2025 Results

TD Cowen maintained a Buy rating on GDS Holdings (NASDAQ:GDS) and cut its price target to $36 from $37 on May 21, 2026. The firm expects upside to GDS’s 2026 bookings target of over 500MW, with 340MW signed YTD. GDS reported Q1 EPS of $1.53 vs 48c and revenue of $488.07M vs $375.26M, with about 200MW net new bookings.

GDS Holdings Ltd director Lim Ah Doo has filed an initial statement of beneficial ownership (Form 3) with the SEC, reporting direct holdings of 1,687,647 Class A ordinary shares and 73,580 American Depositary Shares (ADSs). The filing indicates that each ADS represents eight Class A ordinary shares and includes ADSs from fully vested restricted stock units. This Form 3 serves as an initial disclosure of his beneficial ownership as a director and does not report any new transactions.

GDS Holdings Ltd. announced it closed a US$300 million private placement of Series B convertible preferred shares to Huatai Capital Investment Limited. The shares are convertible at a significant premium of approximately US$54.43 per ADS, resulting in modest dilution for existing shareholders while maintaining founder William Wei Huang’s controlling interest. A recent analyst rating for GDS Holdings Ltd. (HK:9698) is a Buy with a HK$49.00 price target.

GDS Holdings Limited (NASDAQ:GDS) recently experienced a 28% share price jump, bringing its annual gain to 106%. Despite this surge, the article questions the sustainability of its high price-to-sales (P/S) ratio of 5.6x, noting that the company's revenue growth of 12% last year and a projected 14% annual increase for the next three years are below the industry average of 21%. This suggests that the current high P/S might not be justified by its growth prospects, indicating potential overvaluation.

GDS Wealth Management has increased its stake in Lam Research Corporation by 7.2%, acquiring an additional 7,895 shares to bring its total holdings to 118,110 shares valued at approximately $15.8 million. This comes as institutional ownership in Lam Research reaches about 84.61%, despite recent net selling by corporate insiders. The company is experiencing improving market sentiment due to AI-driven demand and increased memory spending, leading to a "Strong Buy" upgrade from Zacks and several raised price targets from analysts after beating recent EPS and revenue estimates.

The data center operator has begun listing its real estate assets to pay down debt as it races to capitalize on growing demand for AI computing Data center operator GDS reported its third-quarter revenue rose 10.2% to 2.89 billion yuan