--- title: "Goldman Sachs: Reiterates \"Buy\" rating on GDS, target price raised to HKD 54" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/279760728.md" description: "Goldman Sachs released a research report stating that it gained confidence from GDS's Q4 2025 performance, reiterating a \"Buy\" rating for the stock, while raising the target price for GDS's U.S. shares from $49 to $55, and the target price for its Hong Kong shares from HKD 48 to HKD 54. Goldman Sachs believes that China's data center industry is benefiting from the tailwinds brought by accelerated AI investment and strong AI demand, predicting that GDS's revenue and EBITDA will grow by 10% to 11% year-on-year in the next two years, and will accelerate to about 16% by 2028. For GDS's China business, Goldman Sachs has raised its revenue and adjusted EBITDA forecasts for 2026 to 2028 by 0% to 2% and 2% to 3%, respectively, to reflect its Q4 2025 performance and 2026 guidance; due to the time required for capacity delivery (mainly in new markets) and customer onboarding, it believes that the acceleration of revenue and adjusted EBITDA growth should become more apparent starting in 2028. The bank's forecasts for the company's revenue and adjusted EBITDA this year are 0.4% lower and 0.8% higher, respectively, compared to the median of management's guidance" datetime: "2026-03-19T09:45:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279760728.md) - [en](https://longbridge.com/en/news/279760728.md) - [zh-HK](https://longbridge.com/zh-HK/news/279760728.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/279760728.md) | [English](https://longbridge.com/en/news/279760728.md) # Goldman Sachs: Reiterates "Buy" rating on GDS, target price raised to HKD 54 According to the Zhitong Finance APP, Goldman Sachs released a research report stating that it gained confidence from GDS Holdings Limited's (09698) Q4 2025 performance, reaffirming its "Buy" rating for the stock. It also raised the target price for GDS Holdings (GDS.US) on the US stock market from $49 to $55, and the target price on the Hong Kong stock market from HKD 48 to HKD 54. Goldman Sachs believes that China's data center industry is benefiting from the tailwinds brought by accelerated AI investment and strong AI demand, predicting that GDS Holdings' revenue and EBITDA will grow by 10% to 11% year-on-year in the next two years, and will accelerate to about 16% by 2028. For GDS Holdings' China business, Goldman Sachs has raised its revenue and adjusted EBITDA forecasts for 2026 to 2028 by 0% to 2% and 2% to 3%, respectively, to reflect its Q4 2025 performance and 2026 guidance. Due to the time required for capacity delivery (mainly in newly established emerging markets) and customer onboarding, it believes that the acceleration of revenue and adjusted EBITDA growth should become more apparent starting in 2028. The bank's forecasts for the company's revenue and adjusted EBITDA this year are 0.4% lower and 0.8% higher, respectively, compared to the median of management's guidance ### 相關股票 - [Pacer Data & Infrastructure Real Estate ETF (SRVR.US)](https://longbridge.com/zh-HK/quote/SRVR.US.md) - [Global X Data Center & Dgtl Infrs ETF (DTCR.US)](https://longbridge.com/zh-HK/quote/DTCR.US.md) - [GDS (GDS.US)](https://longbridge.com/zh-HK/quote/GDS.US.md) - [Proshares Big Data Refiners ETF (DAT.US)](https://longbridge.com/zh-HK/quote/DAT.US.md) - [iShares US Digital Infrastructure and Real Estate ETF (IDGT.US)](https://longbridge.com/zh-HK/quote/IDGT.US.md) - [Franklin Exponential Data ETF (XDAT.US)](https://longbridge.com/zh-HK/quote/XDAT.US.md) - [GDS-SW (09698.HK)](https://longbridge.com/zh-HK/quote/09698.HK.md) ## 相關資訊與研究 - [Firstsource Unveils Full-Stack AI Operating Model to Underwrite Enterprise Outcomes](https://longbridge.com/zh-HK/news/279815847.md) - [TABLE-US Jan single-family home sales data](https://longbridge.com/zh-HK/news/279806783.md) - [Onfolio Holdings Details AI-Native Operating Model Delivering Measurable Cost Savings and Capacity Gains Across Portfolio | ONFO Stock News](https://longbridge.com/zh-HK/news/279614645.md) - [HEALWELL AI Delivers Record Revenue and First Year of Positive Adjusted EBITDA as Global AI Platform Strategy Takes Hold | HWAIF Stock News](https://longbridge.com/zh-HK/news/279773546.md) - [Satellogic 2025 revenue beats analyst estimates](https://longbridge.com/zh-HK/news/279774131.md)