10 Best Multibagger Stocks to Buy According to Billionaires

7. GDS Holdings Limited (NASDAQ:GDS)

Number of Hedge Fund Holders: 32

Number of Billionaire Holders: 8

1-Year Gain as of April 22: 221.85%

GDS Holdings Limited (NASDAQ:GDS) is a leading developer and operator of high-performance data centers. The company provides facilities for hosting, powering, and cooling computer systems and networking equipment. The stock has rallied by about 221% over the past year amid a string of positive financial results that underscore growing demand for the company’s data center offerings.

Additionally, analysts at Citizens JMP reiterated an Outperform rating on the stock on March 20 and hiked the price target to $40 from $35. The hike came as GDS Holdings Limited’s (NASDAQ:GDS) Q4 2024 results underscored accelerated growth in China. Net revenue in Q4 2024 was up 9.1% year-over-year to $368.6 million; full-year revenue increased 5.5% to $1.41 billion.

GDS Holdings Limited’s (NASDAQ:GDS) net loss in Q4 2024 shrunk to RMB173.4 million from RMB2.47 billion a year ago in the same quarter. Likewise, the full-year net loss shrunk to RMB770.9 million from RMB 3.92 billion in 2023. The robust revenue growth and a significant drop in net loss come as GDS Holdings increasingly capitalizes on the growing demand for inferencing in Tier 1 markets. The company expects 2025 revenue to average between RMB11, 290 million to RMB11, 590 million, representing a growth of between 9.4% to 12.3%.