Raymond James reiterates Strong Buy on GDS Holdings stock, citing AI growth

Published 19/09/2025, 09:18
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Investing.com - Raymond James has reiterated its Strong Buy rating and $53.00 price target on GDS Holdings (NASDAQ:GDS), highlighting potential growth catalysts for the Chinese data center operator. The company, currently valued at $7.81 billion, has seen its stock surge over 100% in the past year, with analyst targets ranging from $33.30 to $67.21. InvestingPro data reveals 12 key insights about GDS’s growth potential.

The firm believes GDS is positioned to benefit from accelerating growth in China’s data center market once AI chips become more widely available. This could happen through two paths: Huawei AI chips expected in the coming quarters or central government support for importing China-approved NVIDIA chips. The company’s revenue has grown 10.29% over the last twelve months, with EBITDA reaching $662.36 million.

Raymond James notes that GDS possesses land with approved power exceeding 1GW within 100KM of major Chinese cities, describing this as "a valuable and scarce resource" that could support improved EBITDA growth by 2027.

The firm also points to positive developments in GDS’s REIT funding mechanism, with recent regulatory changes allowing the company to contribute additional assets to its publicly traded REIT fund as early as Q1 2026, potentially accelerating deleveraging efforts.

Raymond James expects GDS’s DayOne subsidiary to pursue an IPO in 2026, following a private funding round, with the unit reportedly experiencing substantial growth and significant exposure to U.S.-based AI hyperscale customers.

In other recent news, GDS Holdings reported better-than-expected earnings for the second quarter of 2025. The company posted an earnings per share (EPS) loss of $0.06, which was a substantial improvement over the anticipated loss of $0.39. Additionally, GDS Holdings generated $2.9 billion in revenue, surpassing the forecast of $2.83 billion. Citizens JMP responded by raising its price target for GDS Holdings from $40 to $50, while maintaining a Market Outperform rating, citing the successful launch of the company’s C-REIT as a key factor. Furthermore, China’s National Development and Reform Commission announced new guidelines allowing more frequent applications for infrastructure REITs, which Morgan Stanley noted could positively impact GDS Holdings. The revised guidelines permit existing REITs to expand their assets just six months after establishment, a significant reduction from the previous 12-month waiting period. These developments reflect a series of positive changes for GDS Holdings.

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