Top Analysts Upgrade Stocks: GDS Holdings, Easterly Government Properties, Equinox Gold, Douglas Emmett

GDS Holdings analyst Gokul Hariharan upgrades the company from Neutral to Overweight, raising the price target from $34 to $46. Other upgrades include Easterly Government Properties, Equinox Gold, and Douglas Emmett, with BMO Capital analyst John Kim upgrading Easterly Government Properties and Douglas Emmett from Underperform to Market Perform and raising their price targets.

In a significant move, JPMorgan analyst Gokul Hariharan has upgraded GDS Holdings from Neutral to Overweight, raising the price target from $34 to $46. This upgrade comes on the heels of Nvidia's announcement of the resumption of H20 chip shipments into China, which JPMorgan believes will boost GDS Holdings' domestic data center business [1].

The upgrade reflects strong demand for AI inference compute, evidenced by a 150 MW order from Alibaba in the first quarter of 2025. GDS Holdings' international business, operated through its DayOne subsidiary, continues to show robust growth, with plans to expand into new markets like Thailand and Europe [1].

GDS Holdings also recently completed a $550 million convertible notes offering and closed an offering of American Depositary Shares (ADS) to bolster its capital structure. The company has filed a Form 6-K with the SEC, providing unaudited financial statements and updated risk factors, though specific financial figures were not disclosed [1].

Meanwhile, BMO Capital analyst John Kim upgraded Easterly Government Properties (DEA) from Underperform to Market Perform, setting a price target of $25.00. The upgrade comes after Easterly Government Properties shares declined 19.5% year-to-date, compared to a 1.0% drop for the RMZ index during the same period [2].

The upgrade reflects a more balanced risk/reward outlook following the company’s recent dividend cut and strategic changes. Easterly Government Properties reported its first-quarter earnings for 2025, achieving an EPS of $0.07, which exceeded the forecast of $0.06 [2].

In other analyst activity, RBC Capital and Truist Securities adjusted their price targets for Easterly Government Properties, citing acquisition expenses and earnings trends. The company has also filed an amendment to reduce its authorized shares and continues to focus on strategic initiatives, including a $1 billion pipeline for future projects and a dividend yield reset to approximately 8% [2].

These upgrades reflect ongoing confidence in the strategic direction and market position of GDS Holdings and Easterly Government Properties, driving market optimism in the sector.

References:
[1] https://www.investing.com/news/analyst-ratings/jpmorgan-upgrades-gds-holdings-stock-rating-to-overweight-on-ai-demand-93CH-4136955
[2] https://www.investing.com/news/analyst-ratings/easterly-government-properties-stock-rating-upgraded-by-bmo-capital-93CH-4137286