5 Best Data Center Stocks To Buy According to Analysts

4. GDS Holdings Limited (NASDAQ:GDS)

Number of Q4 2023 Hedge Fund Shareholders: 14

Share Price Target Upside: 118%

Latest Average Share Price Target: $17

GDS Holdings Limited (NASDAQ:GDS) is a Chinese pure play data center company that operates the digital infrastructure. March 2024 has shaped up to be an important month for the firm, as despite the restrictive capital environment, it has secured investor interest in its global facilities.

For their fourth quarter of 2023 shareholdings, 14 out of the 933 hedge funds part of Insider Monkey’s database had bought a stake in the firm. The biggest GDS Holdings Limited (NASDAQ:GDS) shareholder among these is Joel Ramin’s 12 West Capital Management as it owns $46.1 million worth of shares.

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