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 Wall Street research analysts have issued 1-year price targets for VNET Group's stock. Their VNET share price forecasts range from $5.90 to $9.40. On average, they anticipate the company's stock price to reach $7.27 in the next year. This suggests a possible upside of 128.9% from the stock's current price.
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VNET Group's stock was trading at $5.67 at the beginning of 2023. Since then, VNET stock has decreased by 44.0% and is now trading at $3.1750.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
View our VNET earnings forecast.

VNET Group, Inc. (NASDAQ:VNET) released its quarterly earnings data on Monday, August, 23rd. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $3.09. The information technology services provider had revenue of $231.85 million for the quarter, compared to analysts' expectations of $228.01 million. VNET Group had a negative net margin of 10.63% and a negative trailing twelve-month return on equity of 10.07%.

ETFs with the largest weight of VNET Group (NASDAQ:VNET) stock in their portfolio include Global X Cloud Computing ETF (CLOU), Global X Data Center REITs & Digital Infrastructure ETF (VPN), Roundhill IO Digital Infrastructure ETF (BYTE), Fidelity Cloud Computing ETF (FCLD), SPDR FactSet Innovative Technology ETF (XITK), Wedbush ETFMG Global Cloud Technology ETF (IVES), ERShares NextGen Entrepreneurs ETF (ERSX) and iShares MSCI China Small-Cap ETF (ECNS).

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 retail and institutional investors. Top institutional shareholders include TT International Asset Management LTD (6.25%), DigitalBridge Group Inc. (1.30%), Verition Fund Management LLC (1.30%), Dimensional Fund Advisors LP (1.24%), Harbor Spring Capital LLC (1.18%) and Mirae Asset Global Investments Co. Ltd. (1.03%).

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 $3.18.

VNET Group (NASDAQ:VNET) has a market capitalization of $462.50 million and generates $1.02 billion in revenue each year. The information technology services provider earns $78.48 million in net income (profit) each year or ($0.81) 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.