TD Cowen Maintains Buy Rating on GDS Holdings (GDS)

GDS Holdings Limited (NASDAQ:GDS) is one of the 10 Best Asian Stocks with Huge Upside Potential.

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.

TD Cowen Maintains Buy Rating on GDS Holdings (GDS)

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

While we acknowledge the risk and potential of GDS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GDS and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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