---
title: "Goldman Sachs reaffirms \"Buy\" rating on GDS and Vnet, raises target price"
description: "Goldman Sachs reiterated its \"Buy\" rating on GDS and Vnet, and raised the target price. The target price for GDS H shares was raised from HKD 39 to HKD 41, and the ADR target price was raised from USD"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/255410761.md"
published_at: "2025-09-01T06:39:16.000Z"
---

# Goldman Sachs reaffirms "Buy" rating on GDS and Vnet, raises target price

> Goldman Sachs reiterated its "Buy" rating on GDS and Vnet, and raised the target price. The target price for GDS H shares was raised from HKD 39 to HKD 41, and the ADR target price was raised from USD 40 to USD 42; the ADR target price for Vnet was raised from USD 12 to USD 13. Despite the calm demand for AI in China's data centers, both companies still achieved better-than-expected revenue and EBITDA, reflecting their discipline in high-quality orders and new capacity delivery

Goldman Sachs released a report stating that despite expectations of supply bottlenecks in the second quarter of 2025, the demand for AI in Chinese data centers remains relatively calm. GDS-SW (09698.HK) (GDS.US) and Vnet (VNET.US) still achieved better-than-expected revenue and EBITDA, benefiting from a robust pace of customer onboarding and resilient pricing, reflecting their discipline in accepting high-quality orders and delivering new capacity. This contrasts with the quarterly weak performance of Guanghuan Xinwang (300383.SZ), reflecting a continued differentiation between data center operators that can capture the growth in AI/cloud demand and those more exposed to traditional retail demand, which remains moderate.

Goldman Sachs reiterated its "Buy" rating on GDS and Vnet, raising the target price for GDS H shares from HKD 39 to HKD 41, and the target price for GDS ADR from USD 40 to USD 42; the target price for Vnet ADR was raised from USD 12 to USD 13. The firm maintained a "Sell" rating on Guanghuan Xinwang, raising the target price for A shares from RMB 10.5 to RMB 11.4

### Related Stocks

- [VNET.US - Vnet](https://longbridge.com/en/quote/VNET.US.md)
- [GDS.US - GDS](https://longbridge.com/en/quote/GDS.US.md)
- [09698.HK - GDS-SW](https://longbridge.com/en/quote/09698.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| AI 模型扎堆升級，國產算力需求狂飆，IDC 將迎來新一輪爆發？ | 美銀指出，中國 AI 行業迎來關鍵轉折：視頻生成模型爆發將算力需求推升數個數量級，雲服務與模型 API 全面漲價（智譜 AI 上調 30%、UCloud 全線調價），宣告價格戰結束，定價權迴歸賣方。IDC 租賃價格企穩回升，世紀互聯、萬國數 | [Link](https://longbridge.com/en/news/275876097.md) |
| 3 只目前值得購買的 AI 股票 | 這些人工智能（AI）股票對長期投資者顯示出良好的上漲潛力 | [Link](https://longbridge.com/en/news/276392243.md) |
| 印孚瑟斯技術發佈 AI 優先價值框架 | Infosys 有限公司：INFOSYS - INFOSYS 推出 AI 優先價值框架 | [Link](https://longbridge.com/en/news/276131501.md) |
| 大科技公司應該向美國推銷 AI 數據中心，而不是讓美國推銷給它們 | AI 數據中心對美國在全球 AI 競爭中保持競爭力至關重要，但許多社區因資源使用問題反對它們的存在。儘管 93% 的美國人認識到它們的重要性，但只有 9% 的人認為當地利益超過缺點。為了獲得公眾支持，AI 公司應專注於創造就業機會、公平的税 | [Link](https://longbridge.com/en/news/276472600.md) |
| 索尼推出新檢測工具，旨在解決 AI 音樂歸屬問題 | 索尼瞄準 AI 音樂歸屬權，推出新檢測工具 | [Link](https://longbridge.com/en/news/276022057.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
