On June 2, GDS Holdings rose 5.14% in regular trading, trading at $37.185/share, with trading volume of $32.46 million. The stock continues its recovery trajectory driven by multiple positive catalysts following a cumulative decline of over 15% in prior sessions.

On the news front, several major investment banks have maintained bullish outlooks on the company. Macquarie reiterated its Outperform rating with an H-share target price of HK$54.6; Goldman Sachs maintained its Buy rating with a target of HK$54; and CITIC Securities raised its target price to HK$50. All three target prices imply approximately 50%-60% upside from recent levels, significantly boosting market confidence.

Fundamentally, the company reported first-quarter new signed orders with IT power capacity reaching 346MW, surpassing the entire previous fiscal year total, while net new signings of 200MW set a single-quarter record high. These robust order figures underscore accelerating demand for AI computing infrastructure. The stock had previously come under pressure due to concerns over profit quality in Q1 results — where over 80% of net income derived from one-time investment gains — and a massive capital expenditure plan of RMB 30-50 billion over the next three years.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)