VNET Group - VNET Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VNET Group in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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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2 equities research analysts have issued twelve-month target prices for VNET Group's shares. Their VNET share price forecasts range from $5.90 to $9.40. On average, they predict the company's stock price to reach $7.27 in the next twelve months. This suggests a possible upside of 17.0% from the stock's current price.
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VNET Group's stock was trading at $5.67 at the start of the year. Since then, VNET stock has increased by 9.5% and is now trading at $6.21.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
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VNET Group, Inc. (NASDAQ:VNET) announced its quarterly earnings results on Tuesday, November, 22nd. The information technology services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.35. The information technology services provider had revenue of $255.04 million for the quarter, compared to the consensus estimate of $265.08 million. VNET Group had a negative trailing twelve-month return on equity of 9.42% and a negative net margin of 10.14%.

VNET Group updated its FY 2022 earnings guidance on Thursday, December, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.02 billion-$1.06 billion, compared to the consensus revenue estimate of $1.02 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 a number of institutional and retail investors. Top institutional investors include Nisa Investment Advisors LLC (0.28%), National Bank of Canada FI (0.18%), Simplex Trading LLC (0.00%), Profund Advisors LLC (0.01%), Exchange Traded Concepts LLC (0.00%) and Exchange Traded Concepts LLC (0.00%).

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 $6.21.

VNET Group (NASDAQ:VNET) has a market capitalization of $904.61 million and generates $971.32 million in revenue each year. The information technology services provider earns $78.48 million in net income (profit) each year or ($0.99) on an earnings per share basis.

The company employs 3,221 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.