VNET Group Inc (VNET) Achieves High Growth on AI-Driven Demand

VNET Group Inc (NASDAQ:VNET) is one of the best data center stocks to buy right now. On March 16, Jefferies reiterated a Buy rating and raised its price target for VNET Group Inc (NASDAQ:VNET) to $23.55 from $22.12. The price target hike followed senior vice president Pete Zhihua Zhang’s reiteration that the company continues to achieve high-quality growth amid strong AI-driven demand.

VNET Group Inc (VNET) Achieves High Growth on AI-Driven Demand

The remarks follow a strong 2025, during which the company achieved its 2025 delivery plan, delivering a record 404MW. Fourth quarter revenue was up 19.6% to $384.2 million, driven by a 23.7% increase in IDC revenues to $288.3 million. Full-year revenue was up 20.5% to $1.42 billion. Fourth quarter adjusted EBITDA was up 11.6% to $115.1 million, as full year adjusted EBITDA increased 22.6% to $425.9 million.

For the full year 2026, VNET Group estimates revenue growth of between 15.6% and 18.6%, to between RMB11.5 billion and RMB11.8 billion. The company also expects 450 to 500 megawatts of growth in 2026 compared to 404 megawatts last year.

“As a leading player, we remain focused on reinforcing our core strengths and developing our scalable and high-performance data centers to capture the accelerating AI-driven demand. Moving forward, we will further advance our Hyperscale 2.0 framework to achieve sustainable, high-quality growth and create long-term value for all stakeholders,” said Josh Sheng Chen, Founder, Executive Chairperson

VNET Group Inc (NASDAQ:VNET) is a leading carrier-neutral data center provider in China, operating more than 50 centers in over 30 cities. It offers wholesale and retail colocation, managed hosting, and cloud services, including Microsoft Azure/365 in China, to enterprises, internet companies, and cloud providers.

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