GDS Holdings-SW's stock price soared 5.05% during intraday trading on Monday, driven by strong institutional support and robust new order data for the company's data center services.
Multiple major investment banks have reiterated bullish ratings on the company, with Macquarie reaffirming its Outperform rating, Goldman Sachs maintaining its Buy rating, and CITIC Securities raising its target price. These endorsements come as CITIC Securities highlighted that the company signed new orders with IT power capacity of 346MW in the first quarter, surpassing the entire previous fiscal year and underscoring surging demand for AI computing infrastructure.
The current rebound reflects improving market sentiment as these positive institutional assessments help offset earlier concerns about the company's first-quarter profit quality and its substantial capital expenditure plans for the coming years.
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