Morgan Stanley published a technical research report, predicting that GDS Holdings (GDS.US) has over an 80% chance of an increase in stock price over the next 60 days. The U.S. stock rating is 'shareholding', with a target price of $30.

Morgan Stanley indicated that GDS Holdings' stock price recently dropped without reasonable fundamental reasons. The current implied valuation of the business in China corresponds to an enterprise value to EBITDA multiple of about 9.3 times for 2025, while the EBITDA growth for the business in China is 10%, leading to the belief that the valuation is attractive.