5 Best Data Center Stocks To Buy According to Analysts

3. VNET Group, Inc. (NASDAQ:VNET)

Number of Q4 2023 Hedge Fund Shareholders: 15

Share Price Target Upside: 132%

Latest Average Share Price Target: $4

VNET Group, Inc. (NASDAQ:VNET) is another Chinese firm that owns and operates data center infrastructure and assets. A slowdown in the Chinese economy has had a limited impact on its financials, as the firm has beaten analyst EPS estimates in three out of its four latest quarters.

As of December 2023 end, 15 out of the 933 hedge funds profiled by Insider Monkey were VNET Group, Inc. (NASDAQ:VNET)’s shareholders. Out of these, the largest shareholder is Masahiko Yamaguchi’s MY.Alpha Management HK Advisors through its $18.3 million investment.

Follow 21Vianet Group Inc. (NASDAQ:VNET)