U.S. Stock Market Movement: GDS Holdings Plunged on October 2—Daiwa Lowered Target Price and Earnings Forecast

GDS Holdings October 2 Major Drop Interpretation

Keywords: Daiwa target price downgrade, profit forecast adjustment

1. On October 2, 2026, Daiwa lowered GDS Holdings' target price from HKD 54 to HKD 50, and reduced 2027-2028 revenue forecasts by 5% to 9%, as well as adjusted EBITDA forecasts by 4% to 10%, citing a weakened unit economics outlook.

2. On October 2, 2026, GDS Holdings' share price dropped by a cumulative 15.35% in the past 5 days and has declined by 20.52% year-to-date, with short-term downward pressure still persisting.

(Disclaimer: This content is generated by AI technology summarizing publicly available information and is for reference only. It does not constitute investment advice.)