VNET Group upgraded by BofA Securities with a new price target
$VNET
Computer Software: Programming Data Processing
Technology
BofA Securities upgraded VNET Group from Neutral to Buy and set a new price target of $2.70 from $3.90 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/29/2024 | $3.10 → $5.00 | Neutral → Buy | Goldman |
| 10/9/2024 | $5.20 | Hold → Buy | HSBC Securities |
| 3/19/2024 | $3.90 → $2.70 | Neutral → Buy | BofA Securities |
| 7/7/2023 | $3.40 | Neutral | BofA Securities |
| 6/12/2023 | $6.60 → $2.90 | Buy → Hold | HSBC Securities |
| 9/1/2022 | $7.20 → $5.90 | Outperform → Neutral | Credit Suisse |
| 5/25/2022 | $6.50 | Sell → Neutral | Goldman |
| 11/22/2021 | $17.39 | Hold → Buy | HSBC Securities |
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BEIJING, May 28, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. "We kicked off 2025 with a strong first quarter thanks to excellent execution of our effective dual-core strategy," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business recorded another impressive performance, marked by our robust deliveries and customers' fast move-in pace. As of March 31, 2025, our wholesale capacity in service increased by 88MW qu
BEIJING, May 14, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited first quarter 2025 financial results on Wednesday, May 28, 2025, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, May 28, 2025, or 8:00 PM Beijing Time on Wednesday, May 28, 2025. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line:https://s1.c-conf.com/diamondpass/10047350-c2tgiy.html C
BEIJING, April 28, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced it has published its 2024 Environmental, Social and Governance Report (the "2024 ESG Report"). This is VNET's fifth ESG report, highlighting the Company's 2024 efforts and achievements in environmental practices, digital empowerment, ethical governance, and social responsibility. "As an integral element of VNET's long-term strategy for sustainable growth, our 2024 ESG initiatives drove measurable advancements in our pursuit of a greener future," Josh Sheng Chen, Founder, Executive Chairperson,
BEIJING, July 30, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the resignation of Mr. Erhfei Liu as an independent director of the Company's board of directors (the "Board"), effective July 24, 2024. Mr. Liu resigned for personal reasons and not due to any disagreement with the Board, the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices. The Board has approved the appointment of Mr. David Lifeng Chen as a new independent director of the Board, effective immediately. The Board has reviewed the indepen
BEIJING, April 22, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that Mr. Jeff Dong has resigned from his position as the Company's Chief Executive Officer due to personal reasons. Mr. Josh Sheng Chen, Founder and Co-chairperson of VNET, has been appointed to succeed Mr. Dong as the Company's interim CEO, effective immediately. The Company will announce once the appointment of the permanent CEO has been confirmed. Mr. Chen commented, "On behalf of the Company, we would like to express our sincere appreciation for Jeff's outstanding contributions to our achie
BEIJING, Oct. 14, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, announced that the special committee (the "Special Committee") of the Company's Board of Directors (the "Board") has retained Kroll Securities, LLC and Kroll, LLC (operating through its Duff & Phelps Opinions Practice) as its independent financial advisor, and Davis Polk & Wardwell LLP as its independent legal counsel. The Special Committee was formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated September 13, 2022 from Mr. Josh Sheng Chen, founder of
6-K - VNET Group, Inc. (0001508475) (Filer)
20-F - VNET Group, Inc. (0001508475) (Filer)
6-K - VNET Group, Inc. (0001508475) (Filer)
Goldman upgraded VNET Group from Neutral to Buy and set a new price target of $5.00 from $3.10 previously
HSBC Securities upgraded VNET Group from Hold to Buy and set a new price target of $5.20
BofA Securities upgraded VNET Group from Neutral to Buy and set a new price target of $2.70 from $3.90 previously
BEIJING, May 28, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. "We kicked off 2025 with a strong first quarter thanks to excellent execution of our effective dual-core strategy," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business recorded another impressive performance, marked by our robust deliveries and customers' fast move-in pace. As of March 31, 2025, our wholesale capacity in service increased by 88MW qu
BEIJING, May 14, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited first quarter 2025 financial results on Wednesday, May 28, 2025, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, May 28, 2025, or 8:00 PM Beijing Time on Wednesday, May 28, 2025. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line:https://s1.c-conf.com/diamondpass/10047350-c2tgiy.html C
BEIJING, March 12, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. "We closed 2024 with a strong fourth quarter, highlighted by our wholesale IDC business's remarkable performance as we continued to capitalize on AI-driven demand," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our high-performance data centers, outstanding delivery capabilities, and premium services continued to attract quality orders. During the fo