VNET Group Inc saw a significant price increase of 9.72%, crossing above its 5-day SMA. This movement occurs in a mixed market context, with the Nasdaq-100 down 0.54% and the S&P 500 slightly up by 0.01%.
The stock's rise is attributed to sector rotation as investors shift their focus towards companies like VNET, which are perceived to have strong growth potential in the current environment. Despite the overall market's mixed performance, VNET's positive momentum indicates a favorable outlook among investors.
This upward movement suggests that VNET Group Inc is gaining traction, potentially driven by its strategic positioning in the telecommunications and cloud services sectors, which continue to show resilience amid broader market fluctuations.
Wall Street analysts forecast VNET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VNET is 13.80 USD with a low forecast of 12.50 USD and a high forecast of 15.10 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast VNET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VNET is 13.80 USD with a low forecast of 12.50 USD and a high forecast of 15.10 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 11.290
Low
12.50
Averages
13.80
High
15.10
Current: 11.290
Low
12.50
Averages
13.80
High
15.10
BofA
Buy
maintain
2025-08-22
Reason
BofA
Price Target
AI Analysis
2025-08-22
maintain
Buy
Reason
BofA raised the firm's price target on VNET Group to $12.60 from $11.80 and keeps a Buy rating on the shares. Following a Q2 beat, the firm raised its FY25 and FY26 adjusted EBITDA forecasts, making its estimates 2% and 4% higher than consensus, respectively.
Citigroup
Louis Tsang
Strong Buy
Maintains
$16 → $20
2025-03-14
Reason
Citigroup
Louis Tsang
Price Target
$16 → $20
2025-03-14
Maintains
Strong Buy
Reason
Citi analyst Louis Tsang raised the firm's price target on VNET Group to $20 from $16.10 and keeps a Buy rating on the shares. The firm says the recent share price weakness is likely due to investor concern over VNET"s "strong" capex plan, which it believes could weigh on the stock's value and trigger worry over a potential equity financing. However, Citi views the $43M convertible bonds issuance today as overhang removal. The firm thinks the upcoming Tencent capex plan could be a potential catalyst for VNET Group shares.
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About VNET
VNET Group Inc is a holding company principally engaged in providing carrier-neutral and cloud-neutral data center service. The Company’s services include managed hosting services, cloud services and virtual private network (VPN) services. Managed hosting services consisting of managed retail services and managed wholesale services. Cloud services allow customers to run their applications over the Internet using the information technology (IT) infrastructure. VPN services extend customers’ private networks by setting up secure and dedicated connections through the public Internet. The Company mainly operates its businesses in the domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
