US Stock Market Move | GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) rose 4%. HSBC Global Research raised its target price to $42.8.

On Friday, GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) rose 4% to $33.82. In terms of news, GDS Holdings Ltd. Sponsored ADR Class A recently issued a C-REIT on the Shanghai Stock Exchange, which was oversubscribed by 166 times, with pricing equivalent to a forecasted enterprise value multiple of 16.9 times in 2026. HSBC Global Research raised its target enterprise value multiple for GDS Holdings Ltd. Sponsored ADR Class A from 13 times to 15 times, and raised the target price of the US ADR from $34.7 to $42.8. The bank pointed out two potential catalysts for profit increase in the market, including the recording of new large wholesale orders next year and the following year, as well as the possibility of the US easing restrictions on NVIDIA Corporation's chips or China accelerating the adoption of domestic GPUs.