U.S. stock market anomaly | The stock of GDS (GDS.US) rises by 4% and HSBC Global Research raises the target price to $42.8.

According to the Zhitong Finance APP, on Friday, the stock price of Global Data Solutions (GDS.US) rose by 4% to $33.82. On the news front, Global Data Solutions recently issued C-REIT on the Shanghai Stock Exchange with oversubscription of 166 times, priced at a multiple of 16.9 times the estimated enterprise value in 2026. HSBC Global Research has raised its target multiple for the enterprise value of Global Data Solutions from 13 times to 15 times and its target price for the US ADR from $34.7 to $42.8. The bank pointed out two potential catalysts that could lead to an increase in market profit forecasts, including the recording of new large wholesale orders next year and the year after, as well as the US easing restrictions on Nvidia chips or China accelerating the adoption of local GPUs.