Wednesday's ETF Movers: URA, APIE
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
ETF Performance: The ActivePassive International Equity ETF is underperforming, down approximately 5.2% in Wednesday afternoon trading, with GDS Holdings and Iperionx showing significant declines of 8.2% and 6.3%, respectively.
Author's Perspective: The opinions expressed in the article reflect the author's views and do not necessarily represent those of Nasdaq, Inc.
Analyst Views on GDS
Wall Street analysts forecast GDS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GDS is 43.76 USD with a low forecast of 6.29 USD and a high forecast of 67.12 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 42.130
Low
6.29
Averages
43.76
High
67.12
Current: 42.130
Low
6.29
Averages
43.76
High
67.12
About GDS
GDS Holdings Ltd is a holding company mainly engaged in the development and operation of high-performance data centers. The Company’s main businesses include the planning and sourcing of new data centers, developing facilities, as well as providing customers with colocation and managed services, which include managed hosting services and managed cloud services. The Company also provides certain other services, including consulting services. The colocation services primarily comprise the provision of critical facilities space, customer-available power, racks and cooling. The suite of managed hosting services includes business continuity and disaster recovery solutions, network management services, data storage services, system security services, operating system services, database services and server middleware services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
