5 Best Asian Stocks with Huge Upside Potential

3. GDS Holdings Limited (NASDAQ:GDS)

On May 21, 2026, TD Cowen lowered the firm’s price target on GDS Holdings Limited (NASDAQ:GDS) to $36 from $37 previously and maintained a Buy rating on the shares. TD Cowen said that it sees upside to the company’s 2026 bookings target of more than 500MW, with 340MW signed year-to-date. The firm also continues to view 2026 as an investment year that positions GDS Holdings Limited (NASDAQ:GDS) for stronger revenue and EBITDA growth in the second half of 2027 and beyond as AI hyperscale demand accelerates across China.

On May 20, 2026, GDS Holdings Limited (NASDAQ:GDS) reported first quarter EPS of $1.53, compared to 48c last year. Revenue totaled $488.07M, up from $375.26M last year. Chairman and Chief Executive Officer William Huang said that GDS Holdings Limited (NASDAQ:GDS) started 2026 with “very strong sales,” recording around 200MW of net new bookings during the first quarter, its highest level ever for a single quarter.

GDS Holdings Limited (NASDAQ:GDS) develops and operates data centers in the People’s Republic of China.

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