RBC Capital Reiterates Sector Perform on GDS Holdings, Maintains $13 Price Target
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Jonathan Atkin has reiterated a 'Sector Perform' rating on GDS Holdings (NASDAQ:GDS) and maintained a $13 price target.
August 28, 2023 | 1:10 pm
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RBC Capital's reiteration of a 'Sector Perform' rating and maintenance of a $13 price target on GDS Holdings could influence the stock's performance.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. In this case, RBC Capital's reiteration of a 'Sector Perform' rating suggests that they expect GDS Holdings to perform in line with the sector average. The maintenance of a $13 price target indicates that they believe the stock is fairly valued at this price. This could potentially maintain the stock's current price level, assuming no other significant market factors come into play.
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