VNET Group (VNET) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for VNET Group in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" VNET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VNET, but not buy additional shares or sell existing shares.
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3 analysts have issued 12 month price targets for VNET Group's stock. Their VNET share price forecasts range from $3.00 to $3.00. On average, they anticipate the company's stock price to reach $3.00 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
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VNET Group's stock was trading at $5.67 at the beginning of 2023. Since then, VNET shares have decreased by 43.2% and is now trading at $3.22.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our VNET earnings forecast.

VNET Group, Inc. (NASDAQ:VNET) issued its quarterly earnings data on Wednesday, August, 23rd. The information technology services provider reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by $0.20. The information technology services provider earned $251.23 million during the quarter, compared to the consensus estimate of $264.65 million. VNET Group had a negative trailing twelve-month return on equity of 8.92% and a negative net margin of 8.56%.

ETFs with the largest weight of VNET Group (NASDAQ:VNET) stock in their portfolio include Global X Data Center REITs & Digital Infrastructure ETF (VPN) and Global X Cloud Computing ETF (CLOU).Roundhill IO Digital Infrastructure ETF (BYTE).

VNET Group issued an update on its FY 2023 earnings guidance on Wednesday, August, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.05 billion-$1.09 billion, compared to the consensus revenue estimate of $1.08 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other VNET Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Baidu (BIDU), Micron Technology (MU), ServiceNow (NOW), QUALCOMM (QCOM), Taiwan Semiconductor Manufacturing (TSM), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Energy Transfer (ET).

VNET Group trades on the NASDAQ under the ticker symbol "VNET."

VNET Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (1.55%), Point72 Hong Kong Ltd (1.53%), Dimensional Fund Advisors LP (1.21%), Mirae Asset Global Investments Co. Ltd. (0.96%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.57%) and Creative Planning (0.22%).

Shares of VNET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VNET stock can currently be purchased for approximately $3.22.

VNET Group (NASDAQ:VNET) has a market capitalization of $478.01 million and generates $1.02 billion in revenue each year. The information technology services provider earns $-112,500,000.00 in net income (profit) each year or ($0.66) on an earnings per share basis.

The company employs 3,293 workers across the globe.

VNET Group's mailing address is Guanjie Building Southeast 1st Floor 10# Jiuxianqiao East Road, Beijing F4, 100016. The official website for the company is www.21vianet.com. The information technology services provider can be reached via phone at 861084562121 or via fax at 86-10-8456-4234.