JP Morgan Maintains Neutral on GDS Holdings, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Gokul Hariharan maintains a Neutral rating on GDS Holdings (NASDAQ:GDS) and lowers the price target from $12 to $7.
March 28, 2024 | 3:15 pm
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NEGATIVE IMPACT
JP Morgan analyst Gokul Hariharan maintains a Neutral rating on GDS Holdings and lowers the price target from $12 to $7.
The reduction in price target by a significant margin from $12 to $7 by a reputable analyst firm like JP Morgan is likely to create negative sentiment among investors, potentially leading to a short-term decrease in GDS Holdings' stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100