Jefferies Reaffirms Their Buy Rating on VNET Group, Inc. Sponsored ADR (VNET)
Jefferies analyst Edison Lee maintained a Buy rating on VNET Group, Inc. Sponsored ADR (VNET – Research Report) today and set a price target of $15.81. The company's shares closed today at $5.39.
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According to TipRanks, Lee is a 5-star analyst with an average return of 29.8% and a 61.04% success rate. Lee covers the Technology sector, focusing on stocks such as Apple, Xiaomi, and VNET Group, Inc. Sponsored ADR.
VNET Group, Inc. Sponsored ADR has an analyst consensus of Strong Buy, with a price target consensus of $16.23, representing a 201.11% upside. In a report released on May 22, Bank of America Securities also reiterated a Buy rating on the stock with a $13.80 price target.
Based on VNET Group, Inc. Sponsored ADR's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.25 billion and a GAAP net loss of $11.1 million. In comparison, last year the company earned a revenue of $1.9 billion and had a GAAP net loss of $2.44 billion
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