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Analyst Remains Buy on VNET Group as Its Shares Soar Over 67% In One Year

VNET Group, Inc. (NASDAQ:VNET) is one of the Top 15 Chinese Companies on US Exchanges.

VNET Group, Inc. (NASDAQ:VNET) shares have soared over 67% over the last one year, as of January 28. Out of 12 analysts covering VNET, 11 rate the stock as a Buy. VNET has a median price target of $15.21, implying 34.50% upside.

Carol Gauthier/Shutterstock.com

On January 9, BofA reaffirmed its Buy rating on VNET Group, Inc. (NASDAQ:VNET). Daley Li from BofA kept the price target at $15.10, which implies an upside of almost 34%.

Year-to-date, VNET shares have returned over 33% as of January 28. Over the past five days, it has surged by more than 12%. These price movements indicate a strong ongoing interest in data center and cloud infrastructure plays. Investors are keeping an eye on companies that play a vital role in digital services and are enacted with data center services. VNET Group, Inc. (NASDAQ:VNET) remains a key part of this matter amid the bullish sentiment around digital infrastructure.

For its next quarter earnings in the second week of March, Wall Street expects VNET to post an average earnings per share of ¥0.18, up from ¥0.04 a year ago. The average estimate for the revenue is around ¥2.63 billion, indicating growth of over 17%.

VNET Group, Inc. (NASDAQ:VNET) is an investment holding company engaged in hosting and related services in China. The company’s hosting services range from managed retail services, including colocation, which provides dedicated data center space to house customers’ servers and networking equipment.

While we acknowledge the potential of VNET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VNET and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best New Penny Stocks to Invest In and 13 Best Gold Mining Companies to Invest In Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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